Raymond James & Associates Sells 10,446 Shares of ICICI Bank Ltd (IBN)
Raymond James & Associates lowered its stake in shares of ICICI Bank Ltd (NYSE:IBN) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 617,108 shares of the bank’s stock after selling 10,446 shares during the quarter. Raymond James & Associates’ holdings in ICICI Bank were worth $6,350,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in ICICI Bank by 49.1% in the second quarter. Bank of New York Mellon Corp now owns 747,827 shares of the bank’s stock valued at $6,004,000 after acquiring an additional 246,308 shares during the last quarter. Comerica Bank lifted its stake in ICICI Bank by 2.3% in the third quarter. Comerica Bank now owns 263,317 shares of the bank’s stock valued at $2,322,000 after acquiring an additional 5,812 shares during the last quarter. ING Groep NV acquired a new stake in ICICI Bank in the third quarter valued at approximately $445,000. SG Americas Securities LLC lifted its stake in ICICI Bank by 38.4% in the third quarter. SG Americas Securities LLC now owns 719,587 shares of the bank’s stock valued at $6,109,000 after acquiring an additional 199,841 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its stake in ICICI Bank by 77.9% in the third quarter. Candriam Luxembourg S.C.A. now owns 34,250 shares of the bank’s stock valued at $291,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 23.19% of the company’s stock.
Shares of ICICI Bank stock opened at $11.10 on Friday. ICICI Bank Ltd has a 1-year low of $7.61 and a 1-year high of $11.22. The firm has a market capitalization of $35.56 billion, a PE ratio of 34.69 and a beta of 0.95.
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About ICICI Bank
ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and fixed, recurring, and security deposits.
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