Deltec Asset Management LLC Increases Stake in ICICI Bank Limited (IBN)

Deltec Asset Management LLC grew its holdings in shares of ICICI Bank Limited (NYSE:IBN) by 105.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 756,879 shares of the bank’s stock after buying an additional 388,511 shares during the period. ICICI Bank Limited accounts for approximately 1.3% of Deltec Asset Management LLC’s holdings, making the stock its 26th biggest position. Deltec Asset Management LLC’s holdings in ICICI Bank Limited were worth $6,479,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in IBN. FMR LLC boosted its holdings in shares of ICICI Bank Limited by 37.1% during the 1st quarter. FMR LLC now owns 4,618,000 shares of the bank’s stock valued at $39,715,000 after buying an additional 1,249,300 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of ICICI Bank Limited by 9,570.9% during the 1st quarter. BlackRock Inc. now owns 16,350,196 shares of the bank’s stock valued at $140,610,000 after buying an additional 16,181,130 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in shares of ICICI Bank Limited by 19.5% during the 1st quarter. United Capital Financial Advisers LLC now owns 20,514 shares of the bank’s stock valued at $176,000 after buying an additional 3,353 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of ICICI Bank Limited by 23.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 247,165 shares of the bank’s stock valued at $2,126,000 after buying an additional 47,005 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of ICICI Bank Limited by 2.4% during the 1st quarter. HighTower Advisors LLC now owns 16,476 shares of the bank’s stock valued at $144,000 after buying an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 21.98% of the company’s stock.

IBN has been the topic of a number of research reports. Zacks Investment Research upgraded shares of ICICI Bank Limited from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Tuesday, September 26th. BidaskClub upgraded shares of ICICI Bank Limited from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. ValuEngine cut shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Jefferies Group LLC upgraded shares of ICICI Bank Limited from a “hold” rating to a “buy” rating in a report on Monday. Finally, Morgan Stanley upgraded shares of ICICI Bank Limited from an “underweight” rating to an “overweight” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $9.50.

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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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