Augustine Asset Management Inc. Has $5.01 Million Holdings in ICICI Bank Ltd (IBN)

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Augustine Asset Management Inc. decreased its position in ICICI Bank Ltd (NYSE:IBN) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 486,776 shares of the bank’s stock after selling 3,350 shares during the quarter. ICICI Bank accounts for about 3.4% of Augustine Asset Management Inc.’s investment portfolio, making the stock its 6th largest holding. Augustine Asset Management Inc.’s holdings in ICICI Bank were worth $5,008,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of IBN. Credit Suisse AG grew its position in shares of ICICI Bank by 36.0% during the third quarter. Credit Suisse AG now owns 1,716,666 shares of the bank’s stock worth $14,575,000 after buying an additional 454,155 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of ICICI Bank by 9.1% during the third quarter. Russell Investments Group Ltd. now owns 7,318,535 shares of the bank’s stock worth $62,496,000 after buying an additional 609,012 shares in the last quarter. MML Investors Services LLC grew its position in shares of ICICI Bank by 38.5% during the third quarter. MML Investors Services LLC now owns 20,456 shares of the bank’s stock worth $174,000 after buying an additional 5,684 shares in the last quarter. Global Thematic Partners LLC grew its position in shares of ICICI Bank by 15.1% during the third quarter. Global Thematic Partners LLC now owns 12,662,360 shares of the bank’s stock worth $107,503,000 after buying an additional 1,661,058 shares in the last quarter. Finally, Navellier & Associates Inc grew its position in shares of ICICI Bank by 53.5% during the fourth quarter. Navellier & Associates Inc now owns 6,649 shares of the bank’s stock worth $68,000 after buying an additional 2,317 shares in the last quarter. 23.45% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein raised shares of ICICI Bank from an “underperform” rating to a “market perform” rating in a research report on Monday, February 4th. ValuEngine downgraded shares of ICICI Bank from a “sell” rating to a “strong sell” rating in a research report on Friday, January 11th. Zacks Investment Research downgraded shares of ICICI Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Finally, HSBC downgraded shares of ICICI Bank from a “buy” rating to a “hold” rating in a report on Friday, November 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $12.00.

ICICI Bank stock opened at $9.50 on Thursday. The firm has a market capitalization of $30.98 billion, a price-to-earnings ratio of 29.69 and a beta of 1.01. ICICI Bank Ltd has a 12 month low of $7.61 and a 12 month high of $10.83.

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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.

See Also: Different Types of Derivatives

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

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