Rep. Lisa C. McClain Purchases Shares of ICICI Bank Limited (NYSE:IBN)

Key Points

• Representative Lisa C. McClain recently purchased shares of ICICI Bank Limited (NYSE: IBN) valued between $1,001 and $15,000 on June 24th, according to a filing.
• As of the latest report, ICICI Bank's stock was up 0.8%, trading at $32.88, with a market capitalization of $117.35 billion.
• Analysts have downgraded ICICI Bank from a "hold" to a "sell" rating, reflecting a shift in market sentiment as of late July.

Representative Lisa C. McClain (R-Michigan) recently bought shares of ICICI Bank Limited NYSE: IBN. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in ICICI Bank stock on June 24th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

ICICI Bank Stock Up 0.8%

IBN stock opened at $32.88 on Friday. The stock has a market capitalization of $117.35 billion, a P/E ratio of 20.30, a P/E/G ratio of 2.15 and a beta of 0.61. The firm has a 50-day simple moving average of $33.33 and a 200-day simple moving average of $31.97. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. ICICI Bank Limited has a 52 week low of $27.42 and a 52 week high of $34.56.

ICICI Bank (NYSE:IBN - Get Free Report) last released its earnings results on Saturday, July 19th. The bank reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The business had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.29 billion. ICICI Bank had a net margin of 24.81% and a return on equity of 15.40%. Equities analysts forecast that ICICI Bank Limited will post 1.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of ICICI Bank from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th.

Institutional Trading of ICICI Bank

Several large investors have recently bought and sold shares of IBN. Wayfinding Financial LLC purchased a new stake in ICICI Bank during the 1st quarter valued at about $26,000. Cornerstone Planning Group LLC boosted its holdings in ICICI Bank by 1,253.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 785 shares of the bank's stock valued at $26,000 after purchasing an additional 727 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in ICICI Bank in the 2nd quarter valued at about $36,000. NewSquare Capital LLC boosted its holdings in ICICI Bank by 118.5% in the 2nd quarter. NewSquare Capital LLC now owns 1,250 shares of the bank's stock valued at $42,000 after purchasing an additional 678 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in ICICI Bank by 53.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,521 shares of the bank's stock valued at $48,000 after purchasing an additional 528 shares during the last quarter. Hedge funds and other institutional investors own 18.18% of the company's stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

ICICI Bank Company Profile

ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.