Keybank National Association OH Decreases Stake in ICICI Bank Ltd (IBN)

Keybank National Association OH reduced its holdings in shares of ICICI Bank Ltd (NYSE:IBN) by 5.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 136,674 shares of the bank’s stock after selling 7,702 shares during the quarter. Keybank National Association OH’s holdings in ICICI Bank were worth $1,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in shares of ICICI Bank during the 1st quarter worth approximately $32,000. Lindbrook Capital LLC bought a new position in shares of ICICI Bank in the fourth quarter valued at $46,000. Rehmann Capital Advisory Group grew its stake in shares of ICICI Bank by 28.3% in the fourth quarter. Rehmann Capital Advisory Group now owns 6,069 shares of the bank’s stock valued at $62,000 after buying an additional 1,339 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of ICICI Bank in the fourth quarter valued at $108,000. Finally, Private Advisor Group LLC bought a new position in shares of ICICI Bank in the fourth quarter valued at $114,000. 23.16% of the stock is owned by institutional investors.

NYSE:IBN opened at $12.42 on Friday. ICICI Bank Ltd has a 1-year low of $7.61 and a 1-year high of $12.47. The firm has a market capitalization of $39.79 billion, a P/E ratio of 38.81 and a beta of 0.96.



IBN has been the subject of several analyst reports. ValuEngine raised shares of ICICI Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. Goldman Sachs Group raised shares of ICICI Bank from a “buy” rating to a “conviction-buy” rating in a research note on Monday, April 15th. Sanford C. Bernstein raised shares of ICICI Bank from an “underperform” rating to a “market perform” rating in a research note on Monday, February 4th. Standpoint Research cut shares of ICICI Bank from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Zacks Investment Research raised shares of ICICI Bank from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $12.00.

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ICICI Bank Profile

ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and fixed, recurring, and security deposits.

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

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