Shares of ICICI Bank Limited (NYSE:IBN – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.14 and traded as high as $31.28. ICICI Bank shares last traded at $30.94, with a volume of 4,444,170 shares.
Analysts Set New Price Targets
Separately, StockNews.com raised ICICI Bank from a “sell” rating to a “hold” rating in a report on Thursday, September 5th.
Check Out Our Latest Analysis on IBN
ICICI Bank Stock Down 0.8 %
Institutional Investors Weigh In On ICICI Bank
A number of institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC lifted its stake in ICICI Bank by 6.2% in the 2nd quarter. CWM LLC now owns 8,951 shares of the bank’s stock worth $258,000 after purchasing an additional 525 shares in the last quarter. SG Americas Securities LLC raised its position in shares of ICICI Bank by 222.9% in the second quarter. SG Americas Securities LLC now owns 70,906 shares of the bank’s stock worth $2,043,000 after buying an additional 48,949 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in ICICI Bank during the second quarter valued at $204,000. Wealth Enhancement Advisory Services LLC grew its position in ICICI Bank by 63.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 33,049 shares of the bank’s stock worth $952,000 after buying an additional 12,785 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in ICICI Bank by 94.2% in the 2nd quarter. Blue Trust Inc. now owns 62,457 shares of the bank’s stock worth $1,649,000 after acquiring an additional 30,292 shares during the last quarter. 18.18% of the stock is owned by hedge funds and other institutional investors.
About ICICI Bank
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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