Oppenheimer Asset Management Inc. Has $2.21 Million Stake in ICICI Bank Limited (IBN)

Oppenheimer Asset Management Inc. lifted its position in shares of ICICI Bank Limited (NYSE:IBN) by 14.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 258,276 shares of the bank’s stock after purchasing an additional 32,595 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ICICI Bank were worth $2,211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of ICICI Bank during the 3rd quarter worth approximately $110,000. YorkBridge Wealth Partners LLC grew its stake in shares of ICICI Bank by 14.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 12,381 shares of the bank’s stock worth $111,000 after purchasing an additional 1,553 shares during the period. Comerica Securities Inc. acquired a new stake in shares of ICICI Bank during the 2nd quarter worth approximately $115,000. American Century Companies Inc. grew its stake in shares of ICICI Bank by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 12,980 shares of the bank’s stock worth $116,000 after purchasing an additional 1,180 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of ICICI Bank by 10.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,614 shares of the bank’s stock worth $122,000 after purchasing an additional 1,238 shares during the period. 21.97% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on IBN shares. Zacks Investment Research raised shares of ICICI Bank from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Tuesday, September 26th. ValuEngine raised shares of ICICI Bank from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub raised shares of ICICI Bank from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Jefferies Group raised shares of ICICI Bank from a “hold” rating to a “buy” rating in a research note on Monday, October 30th. Finally, Morgan Stanley upgraded ICICI Bank from an “underweight” rating to an “overweight” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $9.50.

Shares of ICICI Bank Limited (NYSE:IBN) traded up $0.08 during trading hours on Tuesday, hitting $9.71. The stock had a trading volume of 4,897,900 shares, compared to its average volume of 8,057,514. ICICI Bank Limited has a 52-week low of $6.69 and a 52-week high of $9.93. The stock has a market cap of $31,230.00, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 1.05 and a beta of 1.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.72.

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About ICICI Bank

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.

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

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