GAM Holding AG increased its stake in ICICI Bank Ltd. (NYSE:IBN) by 56.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,012,000 shares of the company’s stock after buying an additional 364,000 shares during the period. GAM Holding AG’s holdings in ICICI Bank were worth $7,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of IBN. Scotia Capital Inc. increased its stake in shares of ICICI Bank by 0.9% in the second quarter. Scotia Capital Inc. now owns 128,000 shares of the company’s stock valued at $919,000 after buying an additional 1,192 shares during the period. Neuberger Berman Group LLC increased its stake in shares of ICICI Bank by 8.3% in the second quarter. Neuberger Berman Group LLC now owns 18,619 shares of the company’s stock valued at $134,000 after buying an additional 1,419 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of ICICI Bank by 5.1% in the second quarter. Lord Abbett & CO. LLC now owns 30,568 shares of the company’s stock valued at $220,000 after buying an additional 1,496 shares during the period. Rockefeller Financial Services Inc. increased its stake in shares of ICICI Bank by 2.8% in the second quarter. Rockefeller Financial Services Inc. now owns 72,580 shares of the company’s stock valued at $521,000 after buying an additional 1,952 shares during the period. Finally, Swarthmore Group Inc. increased its stake in shares of ICICI Bank by 17.4% in the third quarter. Swarthmore Group Inc. now owns 22,125 shares of the company’s stock valued at $165,000 after buying an additional 3,275 shares during the period. 22.09% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for ICICI Bank (NYSE:IBN)

ICICI Bank Ltd. (NYSE:IBN) traded up 1.07% during mid-day trading on Tuesday, reaching $7.54. The company’s stock had a trading volume of 5,984,752 shares. The company has a market cap of $21.92 billion, a PE ratio of 14.78 and a beta of 2.13. The firm’s 50 day moving average is $8.01 and its 200-day moving average is $7.61. ICICI Bank Ltd. has a 12-month low of $5.15 and a 12-month high of $8.80.

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Separately, Goldman Sachs Group Inc. raised ICICI Bank from a “neutral” rating to a “buy” rating in a research note on Monday, October 24th.

ICICI Bank Company Profile

ICICI Bank Limited is a banking company. The Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services.

5 Day Chart for NYSE:IBN

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