Schafer Cullen Capital Management Inc. Grows Holdings in ICICI Bank Limited (IBN)

Schafer Cullen Capital Management Inc. raised its position in shares of ICICI Bank Limited (NYSE:IBN) by 14.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,355,946 shares of the bank’s stock after purchasing an additional 175,802 shares during the period. Schafer Cullen Capital Management Inc.’s holdings in ICICI Bank Limited were worth $12,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cullen Capital Management LLC raised its position in ICICI Bank Limited by 28.6% during the second quarter. Cullen Capital Management LLC now owns 1,278,475 shares of the bank’s stock valued at $11,468,000 after purchasing an additional 284,225 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of ICICI Bank Limited by 175.4% in the second quarter. The Manufacturers Life Insurance Company now owns 1,159,848 shares of the bank’s stock worth $10,403,000 after buying an additional 738,662 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of ICICI Bank Limited by 13.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 153,010 shares of the bank’s stock worth $1,364,000 after buying an additional 17,910 shares during the period. Earnest Partners LLC increased its holdings in shares of ICICI Bank Limited by 7.7% in the second quarter. Earnest Partners LLC now owns 20,420,372 shares of the bank’s stock worth $183,171,000 after buying an additional 1,467,391 shares during the period. Finally, Sciencast Management LP purchased a new position in shares of ICICI Bank Limited in the second quarter worth about $177,000. Institutional investors and hedge funds own 21.68% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Schafer Cullen Capital Management Inc. Grows Holdings in ICICI Bank Limited (IBN)” was published by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/2958014/schafer-cullen-capital-management-inc-grows-holdings-in-icici-bank-limited-ibn.html.

ICICI Bank Limited (NYSE:IBN) last issued its earnings results on Thursday, July 27th. The bank reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. The business had revenue of $1.39 billion for the quarter. ICICI Bank Limited had a net margin of 13.03% and a return on equity of 8.86%.

Several research analysts have recently commented on the company. ValuEngine upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.50.

About ICICI Bank Limited

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.

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

Receive News & Ratings for ICICI Bank Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICICI Bank Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.