Nordea Investment Management AB grew its holdings in ICICI Bank Limited (NYSE:IBN) by 21.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,902,578 shares of the bank’s stock after purchasing an additional 3,039,323 shares during the quarter. Nordea Investment Management AB owned about 0.53% of ICICI Bank Limited worth $151,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Ronald Blue & Co. LLC acquired a new position in shares of ICICI Bank Limited in the 2nd quarter valued at about $100,000. Smithfield Trust Co. lifted its stake in shares of ICICI Bank Limited by 9.0% in the 2nd quarter. Smithfield Trust Co. now owns 11,775 shares of the bank’s stock valued at $106,000 after purchasing an additional 968 shares during the period. CAPROCK Group Inc. acquired a new position in shares of ICICI Bank Limited in the 2nd quarter valued at about $107,000. American Century Companies Inc. acquired a new position in shares of ICICI Bank Limited in the 1st quarter valued at about $101,000. Finally, Comerica Securities Inc. acquired a new position in shares of ICICI Bank Limited in the 2nd quarter valued at about $115,000. 21.65% of the stock is currently owned by institutional investors.

ICICI Bank Limited (NYSE:IBN) traded down 1.02% on Friday, reaching $8.75. The company had a trading volume of 11,664,134 shares. The company’s 50 day moving average is $9.19 and its 200-day moving average is $8.64. The firm has a market capitalization of $28.03 billion, a price-to-earnings ratio of 17.43 and a beta of 1.79. ICICI Bank Limited has a one year low of $6.43 and a one year high of $9.85.

ICICI Bank Limited (NYSE:IBN) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.10 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The business had revenue of $1.39 billion for the quarter. ICICI Bank Limited had a return on equity of 8.86% and a net margin of 13.03%. On average, equities research analysts expect that ICICI Bank Limited will post $0.38 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/09/23/icici-bank-limited-ibn-stake-lifted-by-nordea-investment-management-ab.html.

A number of brokerages have recently issued reports on IBN. BidaskClub downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) raised ICICI Bank Limited from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ICICI Bank Limited presently has a consensus rating of “Buy” and an average price target of $11.00.

ICICI Bank Limited 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.

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

Receive News & Stock Ratings for ICICI Bank Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICICI Bank Limited and related stocks with our FREE daily email newsletter.