Wells Fargo & Company MN Has $75.16 Million Holdings in ICICI Bank Limited (IBN)

Wells Fargo & Company MN decreased its stake in ICICI Bank Limited (NYSE:IBN) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,779,976 shares of the bank’s stock after selling 464,777 shares during the quarter. Wells Fargo & Company MN owned 0.27% of ICICI Bank worth $75,156,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Smithfield Trust Co. grew its holdings in shares of ICICI Bank by 9.0% during the second quarter. Smithfield Trust Co. now owns 11,775 shares of the bank’s stock worth $106,000 after buying an additional 968 shares in the last quarter. CAPROCK Group Inc. bought a new position in shares of ICICI Bank during the second quarter worth about $107,000. Teacher Retirement System of Texas bought a new position in shares of ICICI Bank during the third quarter worth about $110,000. YorkBridge Wealth Partners LLC grew its holdings in shares of ICICI Bank by 14.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 12,381 shares of the bank’s stock worth $111,000 after buying an additional 1,553 shares in the last quarter. Finally, Comerica Securities Inc. bought a new position in shares of ICICI Bank during the second quarter worth about $115,000. 21.97% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on IBN shares. Zacks Investment Research upgraded ICICI Bank from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a report on Tuesday, September 26th. BidaskClub raised ICICI Bank from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Jefferies Group raised ICICI Bank from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. Morgan Stanley raised ICICI Bank from an “underweight” rating to an “overweight” rating in a research report on Wednesday, October 25th. Finally, ValuEngine cut ICICI Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $9.50.

ICICI Bank Limited (NYSE:IBN) traded down $0.11 on Thursday, hitting $9.33. The stock had a trading volume of 7,976,800 shares, compared to its average volume of 8,103,458. ICICI Bank Limited has a 52 week low of $6.69 and a 52 week high of $9.93. The firm has a market capitalization of $30,240.68, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.03 and a beta of 1.73. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.16 and a current ratio of 1.16.

COPYRIGHT VIOLATION WARNING: This article was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/12/07/wells-fargo-company-mn-has-75-16-million-holdings-in-icici-bank-limited-ibn.html.

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.

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

What are top analysts saying about ICICI Bank Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for ICICI Bank Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit