Earnest Partners LLC lessened its holdings in ICICI Bank Ltd (NYSE:IBN) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,917,588 shares of the bank’s stock after selling 41,597 shares during the quarter. ICICI Bank comprises 1.8% of Earnest Partners LLC’s portfolio, making the stock its 4th largest position. Earnest Partners LLC owned approximately 0.59% of ICICI Bank worth $184,068,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Investment Advisory Services Inc. purchased a new stake in ICICI Bank in the third quarter worth about $100,000. SeaCrest Wealth Management LLC purchased a new stake in shares of ICICI Bank during the fourth quarter valued at approximately $107,000. Teacher Retirement System of Texas purchased a new stake in shares of ICICI Bank during the third quarter valued at approximately $110,000. Fox Run Management L.L.C. purchased a new stake in shares of ICICI Bank during the fourth quarter valued at approximately $120,000. Finally, Sompo Japan Nipponkoa Asset Management CO. LTD. purchased a new stake in shares of ICICI Bank during the third quarter valued at approximately $143,000. Institutional investors and hedge funds own 21.82% of the company’s stock.
Shares of ICICI Bank Ltd (NYSE IBN) opened at $9.30 on Monday. ICICI Bank Ltd has a fifty-two week low of $7.35 and a fifty-two week high of $11.26. The company has a market cap of $29,503.88, a P/E ratio of 23.03, a PEG ratio of 1.09 and a beta of 1.86.
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ICICI Bank Company Profile
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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