ICICI Bank Limited (NYSE:IBN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.53 and traded as high as $31.05. ICICI Bank shares last traded at $30.90, with a volume of 3,523,229 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of ICICI Bank from a "sell" rating to a "hold" rating in a report on Thursday, September 5th.
Get Our Latest Stock Report on IBN
ICICI Bank Price Performance
The company has a market cap of $105.70 billion, a P/E ratio of 20.41, a PEG ratio of 2.08 and a beta of 1.02. 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 fifty day simple moving average of $29.88 and a 200-day simple moving average of $28.53.
Institutional Investors Weigh In On ICICI Bank
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC lifted its position in shares of ICICI Bank by 16.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 179,152 shares of the bank's stock worth $4,731,000 after acquiring an additional 25,301 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of ICICI Bank by 6.6% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 41,210 shares of the bank's stock valued at $1,088,000 after acquiring an additional 2,550 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of ICICI Bank by 9.7% in the 1st quarter. Bleakley Financial Group LLC now owns 28,697 shares of the bank's stock valued at $758,000 after purchasing an additional 2,530 shares during the last quarter. William Blair Investment Management LLC boosted its stake in ICICI Bank by 25.9% in the first quarter. William Blair Investment Management LLC now owns 1,136,042 shares of the bank's stock valued at $30,003,000 after acquiring an additional 233,714 shares during the last quarter. Finally, Choate Investment Advisors acquired a new stake in shares of ICICI Bank during the first quarter worth $204,000. Hedge funds and other institutional investors own 18.18% of the company's stock.
About ICICI Bank
(
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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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