ICICI Bank Ltd (NYSE:IBN) shares gapped up prior to trading on Thursday . The stock had previously closed at $13.18, but opened at $13.45. ICICI Bank shares last traded at $13.59, with a volume of 6,847,684 shares traded.

Separately, ValuEngine upgraded shares of ICICI Bank from a “strong sell” rating to a “sell” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.00.

The firm’s fifty day moving average price is $12.57 and its 200-day moving average price is $11.93. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.65. The company has a market cap of $43.94 billion, a P/E ratio of 90.60 and a beta of 0.79.

Several large investors have recently bought and sold shares of the company. Invesco Ltd. increased its holdings in shares of ICICI Bank by 193.9% during the 2nd quarter. Invesco Ltd. now owns 88,854,057 shares of the bank’s stock worth $1,118,673,000 after purchasing an additional 58,623,145 shares during the period. Morgan Stanley increased its holdings in shares of ICICI Bank by 28.0% during the 2nd quarter. Morgan Stanley now owns 10,354,904 shares of the bank’s stock worth $130,368,000 after purchasing an additional 2,265,399 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of ICICI Bank by 1,744.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,746,777 shares of the bank’s stock worth $110,122,000 after purchasing an additional 8,272,545 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of ICICI Bank by 81.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,024,131 shares of the bank’s stock worth $88,434,000 after purchasing an additional 3,163,539 shares during the period. Finally, Somerset Capital Management LLP increased its holdings in shares of ICICI Bank by 3.6% during the 3rd quarter. Somerset Capital Management LLP now owns 6,873,906 shares of the bank’s stock worth $83,724,000 after purchasing an additional 240,500 shares during the period. Institutional investors own 21.27% of the company’s stock.

About ICICI Bank (NYSE:IBN)

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.

Further Reading: Dividend Yield

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