SG Americas Securities LLC increased its position in shares of ICICI Bank Limited (NYSE:IBN) by 938.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 526,847 shares of the bank’s stock after buying an additional 476,094 shares during the quarter. SG Americas Securities LLC’s holdings in ICICI Bank Limited were worth $4,510,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IBN. BlackRock Inc. grew its position in ICICI Bank Limited by 9,570.9% during the first quarter. BlackRock Inc. now owns 16,350,196 shares of the bank’s stock worth $140,610,000 after buying an additional 16,181,130 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in ICICI Bank Limited by 23.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 247,165 shares of the bank’s stock worth $2,126,000 after buying an additional 47,005 shares in the last quarter. HighTower Advisors LLC grew its position in ICICI Bank Limited by 2.4% during the first quarter. HighTower Advisors LLC now owns 16,476 shares of the bank’s stock worth $144,000 after buying an additional 384 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in ICICI Bank Limited during the second quarter worth about $184,000. Finally, Capstone Asset Management Co. lifted its stake in ICICI Bank Limited by 0.4% during the second quarter. Capstone Asset Management Co. now owns 82,479 shares of the bank’s stock worth $740,000 after purchasing an additional 360 shares during the period. 21.72% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on IBN shares. BidaskClub upgraded shares of ICICI Bank Limited from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Morgan Stanley upgraded shares of ICICI Bank Limited from an “underweight” rating to an “overweight” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of ICICI Bank Limited from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research note on Tuesday, September 26th. ValuEngine cut shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Jefferies Group LLC upgraded shares of ICICI Bank Limited from a “hold” rating to a “buy” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. ICICI Bank Limited presently has an average rating of “Buy” and a consensus target price of $9.50.

ICICI Bank Limited (NYSE:IBN) traded up $0.17 during trading hours on Monday, hitting $9.89. 10,392,800 shares of the stock were exchanged, compared to its average volume of 8,204,073. ICICI Bank Limited has a 52 week low of $6.69 and a 52 week high of $9.93. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $31,682.24, a PE ratio of 24.73, a P/E/G ratio of 1.08 and a beta of 1.73.

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About ICICI Bank Limited

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)

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