Banque Pictet & Cie SA acquired a new stake in shares of ICICI Bank Ltd (NYSE:IBN) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 31,500 shares of the bank’s stock, valued at approximately $182,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of ICICI Bank by 8.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 809,192 shares of the bank’s stock valued at $6,870,000 after acquiring an additional 61,365 shares during the period. Nordea Investment Management AB acquired a new position in shares of ICICI Bank in the 3rd quarter valued at $45,626,000. Federated Investors Inc. PA acquired a new position in shares of ICICI Bank in the 3rd quarter valued at $8,113,000. Navellier & Associates Inc increased its position in shares of ICICI Bank by 53.5% in the 4th quarter. Navellier & Associates Inc now owns 6,649 shares of the bank’s stock valued at $68,000 after acquiring an additional 2,317 shares during the period. Finally, Quadrant Capital Group LLC increased its position in shares of ICICI Bank by 258.3% in the 4th quarter. Quadrant Capital Group LLC now owns 35,329 shares of the bank’s stock valued at $356,000 after acquiring an additional 25,468 shares during the period. 23.16% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:IBN opened at $10.89 on Friday. ICICI Bank Ltd has a one year low of $7.61 and a one year high of $11.72.
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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.
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