ICICI Bank Ltd (NYSE:IBN) was the target of some unusual options trading activity on Tuesday. Traders purchased 10,179 put options on the stock. This is an increase of 4,159% compared to the average volume of 239 put options.
ICICI Bank (NYSE:IBN) opened at $9.38 on Wednesday. The firm has a market cap of $29,920.33, a PE ratio of 23.35, a PEG ratio of 1.11 and a beta of 1.86. ICICI Bank has a 52 week low of $7.35 and a 52 week high of $11.26.
Several large investors have recently bought and sold shares of IBN. Harding Loevner LP lifted its stake in shares of ICICI Bank by 144.2% in the third quarter. Harding Loevner LP now owns 121,859,547 shares of the bank’s stock worth $348,926,000 after buying an additional 71,952,293 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in shares of ICICI Bank by 15.0% in the fourth quarter. OppenheimerFunds Inc. now owns 61,623,547 shares of the bank’s stock worth $599,597,000 after buying an additional 8,049,720 shares in the last quarter. Global Thematic Partners LLC lifted its stake in shares of ICICI Bank by 35.1% in the fourth quarter. Global Thematic Partners LLC now owns 13,538,686 shares of the bank’s stock worth $131,732,000 after buying an additional 3,519,859 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of ICICI Bank by 310.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 4,514,378 shares of the bank’s stock worth $43,925,000 after buying an additional 3,414,843 shares in the last quarter. Finally, ARGA Investment Management LP lifted its stake in shares of ICICI Bank by 24.7% in the fourth quarter. ARGA Investment Management LP now owns 13,631,501 shares of the bank’s stock worth $132,635,000 after buying an additional 2,698,391 shares in the last quarter. 21.82% of the stock is currently owned by hedge funds and other institutional investors.
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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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