ICICI Bank Limited (NYSE:IBN - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $28.17, but opened at $27.52. ICICI Bank shares last traded at $27.62, with a volume of 620,525 shares.
ICICI Bank Stock Down 2.0 %
The business's 50 day moving average is $30.11 and its 200-day moving average is $29.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $97.40 billion, a PE ratio of 18.77, a P/E/G ratio of 1.69 and a beta of 0.99.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Asset Dedication LLC raised its holdings in ICICI Bank by 620.0% during the third quarter. Asset Dedication LLC now owns 1,008 shares of the bank's stock worth $30,000 after purchasing an additional 868 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in ICICI Bank during the third quarter worth approximately $50,000. Tsfg LLC acquired a new stake in ICICI Bank during the third quarter worth approximately $53,000. Hobbs Group Advisors LLC acquired a new stake in ICICI Bank during the third quarter worth approximately $54,000. Finally, JFS Wealth Advisors LLC increased its holdings in shares of ICICI Bank by 22.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,875 shares of the bank's stock valued at $86,000 after acquiring an additional 526 shares during the period. Hedge funds and other institutional investors own 18.18% of the company's stock.
ICICI Bank Company Profile
(
Get Free Report)
ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.
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