Sarasin & Partners LLP Has $46,953,000 Position in ICICI Bank Ltd. (IBN)
Sarasin & Partners LLP raised its position in shares of ICICI Bank Ltd. (NYSE:IBN) by 33.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,285,491 shares of the company’s stock after buying an additional 1,572,667 shares during the period. Sarasin & Partners LLP’s holdings in ICICI Bank were worth $46,953,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Quantitative Investment Management LLC acquired a new position in shares of ICICI Bank during the second quarter worth about $103,000. Creative Planning increased its position in shares of ICICI Bank by 216.4% in the third quarter. Creative Planning now owns 16,741 shares of the company’s stock worth $125,000 after buying an additional 11,450 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of ICICI Bank by 8.3% in the second quarter. Neuberger Berman Group LLC now owns 18,619 shares of the company’s stock worth $134,000 after buying an additional 1,419 shares in the last quarter. Swarthmore Group Inc. increased its position in shares of 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. Finally, Janney Montgomery Scott LLC acquired a new position in shares of ICICI Bank during the second quarter worth about $156,000. 22.09% of the stock is currently owned by institutional investors.
ICICI Bank Ltd. (NYSE:IBN) traded up 4.714% on Wednesday, reaching $7.885. The company had a trading volume of 3,116,161 shares. ICICI Bank Ltd. has a one year low of $5.15 and a one year high of $8.80. The company’s 50 day moving average is $8.01 and its 200-day moving average is $7.61. The firm has a market capitalization of $22.92 billion, a price-to-earnings ratio of 15.461 and a beta of 2.13.
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Separately, Goldman Sachs Group Inc. raised ICICI Bank from a “neutral” rating to a “buy” rating in a research note on Monday, October 24th.
About ICICI Bank
ICICI Bank Limited is a banking company. The Bank is engaged in 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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