ClariVest Asset Management LLC cut its stake in ICICI Bank Ltd. (NYSE:IBN) by 90.4% during the second quarter, Holdings Channel reports. The firm owned 39,600 shares of the company’s stock after selling 374,329 shares during the period. ClariVest Asset Management LLC’s holdings in ICICI Bank were worth $284,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swarthmore Group Inc. raised its stake in ICICI Bank by 55.5% in the second quarter. Swarthmore Group Inc. now owns 18,850 shares of the company’s stock worth $135,000 after buying an additional 6,725 shares in the last quarter. Prudential PLC bought a new stake in ICICI Bank during the first quarter worth $150,000. Mirae Asset Global Investments Co. Ltd. raised its stake in ICICI Bank by 17.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,505 shares of the company’s stock worth $455,000 after buying an additional 9,489 shares in the last quarter. Rockefeller Financial Services Inc. raised its stake in ICICI Bank by 2.8% in the second quarter. Rockefeller Financial Services Inc. now owns 72,580 shares of the company’s stock worth $521,000 after buying an additional 1,952 shares in the last quarter. Finally, Svenska Handelsbanken AB publ raised its stake in ICICI Bank by 31.4% in the second quarter. Svenska Handelsbanken AB publ now owns 116,400 shares of the company’s stock worth $836,000 after buying an additional 27,800 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors.
ICICI Bank Ltd. (NYSE:IBN) traded up 6.43% during mid-day trading on Tuesday, reaching $8.11. The company’s stock had a trading volume of 37,615,467 shares. The company’s 50-day moving average price is $7.80 and its 200 day moving average price is $7.39. The firm has a market capitalization of $23.58 billion, a price-to-earnings ratio of 15.54 and a beta of 1.98. ICICI Bank Ltd. has a 52 week low of $5.15 and a 52 week high of $9.15.
ICICI Bank Company Profile
ICICI Bank Limited is a banking company. The Bank is a financial services group 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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