Bank of America Corp DE decreased its stake in shares of ICICI Bank Ltd (NYSE:IBN) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,760,855 shares of the bank’s stock after selling 1,238,613 shares during the quarter. Bank of America Corp DE’s holdings in ICICI Bank were worth $131,310,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Samlyn Capital LLC lifted its holdings in ICICI Bank by 96.9% during the fourth quarter. Samlyn Capital LLC now owns 3,929,789 shares of the bank’s stock valued at $40,437,000 after purchasing an additional 1,933,648 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in ICICI Bank by 83.2% during the fourth quarter. Principal Financial Group Inc. now owns 145,612 shares of the bank’s stock valued at $1,498,000 after purchasing an additional 66,115 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in ICICI Bank by 259.6% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 46,681 shares of the bank’s stock valued at $480,000 after purchasing an additional 33,700 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in ICICI Bank during the fourth quarter valued at $28,000,000. Finally, Charles Lim Capital Ltd purchased a new position in ICICI Bank during the fourth quarter valued at $28,261,000. Institutional investors and hedge funds own 23.16% of the company’s stock.
NYSE:IBN opened at $11.37 on Friday. The stock has a market capitalization of $36.55 billion, a PE ratio of 35.53 and a beta of 0.95. ICICI Bank Ltd has a twelve month low of $7.61 and a twelve month high of $11.49.
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About ICICI Bank
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.
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