CIBC World Markets Inc. purchased a new stake in ICICI Bank Ltd (NYSE:IBN) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 49,070 shares of the bank’s stock, valued at approximately $477,000.
Other institutional investors also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. grew its stake in ICICI Bank by 48.3% in the 3rd quarter. Eqis Capital Management Inc. now owns 89,527 shares of the bank’s stock valued at $766,000 after acquiring an additional 29,145 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in ICICI Bank by 874.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 951,270 shares of the bank’s stock valued at $8,143,000 after acquiring an additional 853,680 shares during the period. TT International acquired a new stake in ICICI Bank in the 3rd quarter valued at $1,884,000. Bank of Montreal Can grew its stake in ICICI Bank by 29.6% in the 4th quarter. Bank of Montreal Can now owns 4,781,644 shares of the bank’s stock valued at $46,526,000 after acquiring an additional 1,092,901 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in ICICI Bank by 11.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,669,227 shares of the bank’s stock valued at $39,942,000 after acquiring an additional 464,512 shares during the period. 21.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ICICI Bank Ltd (NYSE IBN) opened at $10.02 on Friday. ICICI Bank Ltd has a one year low of $7.35 and a one year high of $11.26. The stock has a market cap of $33,123.80, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.13 and a beta of 1.80.
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ICICI Bank Company 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.
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