ICICI Bank Limited (NYSE:IBN - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.30 and traded as high as $30.34. ICICI Bank shares last traded at $30.30, with a volume of 3,197,641 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of ICICI Bank from a "sell" rating to a "hold" rating in a research report on Thursday, September 5th.
View Our Latest Stock Analysis on IBN
ICICI Bank Stock Performance
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 $106.91 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.08 and a beta of 1.00. The stock has a 50-day moving average price of $30.36 and a 200 day moving average price of $29.30.
Institutional Investors Weigh In On ICICI Bank
A number of hedge funds and other institutional investors have recently made changes to their positions in IBN. Asset Dedication LLC lifted its stake in ICICI Bank by 620.0% in the 3rd quarter. Asset Dedication LLC now owns 1,008 shares of the bank's stock valued at $30,000 after acquiring an additional 868 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of ICICI Bank in the third quarter valued at approximately $50,000. Tsfg LLC bought a new stake in shares of ICICI Bank in the third quarter worth $53,000. Hobbs Group Advisors LLC bought a new position in ICICI Bank in the third quarter valued at $54,000. Finally, JFS Wealth Advisors LLC increased its stake in 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 buying an additional 526 shares during the last quarter. 18.18% of the stock is currently owned by institutional investors and hedge funds.
About ICICI Bank
(
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.
Featured Stories
Before you consider ICICI Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ICICI Bank wasn't on the list.
While ICICI Bank currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
