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Icici Bk LTD (IBN) Shareholder Crestwood Capital Management LP Boosted Its Holding

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04 June, 2017

Beta is also an important valuation ratio for analyzing the stock of the company, LYG has Beta of 0.89 while its industry and Sector's beta remains at 1.58 and 1.55 respectively. Candriam Luxembourg S.C.A.'s holdings in ICICI Bank were worth $1,135,000 at the end of the most recent reporting period. HighTower Advisors LLC boosted its stake in ICICI Bank by 2.4% in the first quarter. Gilder Gagnon Howe & Co. CAM Group Holding A S increased its stake in ICICI Bank by 12.7% in the third quarter. LLC now owns 622,903 shares of the bank's stock worth $4,653,000 after buying an additional 161,661 shares during the last quarter. BOKF NA acquired a new position in shares of ICICI Bank during the third quarter valued at approximately $102,000. LMR Partners LLP now owns 5,138,652 shares of the bank's stock valued at $38,386,000 after buying an additional 4,143,365 shares during the period.

Stock market analysts and brokers have recently amended their target prices on shares of ICICI Bank Limited (NYSE:IBN). Finally, Capital Research Global Investors boosted its stake in ICICI Bank by 0.3% in the third quarter. Daiwa SB Investments Ltd. now owns 13,800 shares of the bank's stock worth $119,000 after buying an additional 1,100 shares during the period.

The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) is a huge mover today! About 575,280 shares traded. Crestwood Capital Management Lp who had been investing in Icici Bk Ltd for a number of months, seems to be bullish on the $28.51B market cap company. The analysts estimated sales for the higher end at 21928.3 million and lower end at 21928.3 million while the year ago reported sale was 30647 million. The firm's 50-day moving average price is $9.08 and its 200-day moving average price is $8.32. ICICI Bank Ltd (ADR) (NYSE:IBN) has risen 45.32% since June 2, 2016 and is uptrending. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and global copyright and trademark law. The original version of this news story can be read at https://www.thestockobserver.com/2017/06/03/icici-bank-ltd-ibn-stake-decreased-by-nordea-investment-management-ab-updated.html.

Lloyds Banking Group plc (LYG) now has P/E (Price to Earnings) ratio of 21.4 while the company's industry has 21.04 P/E and the sector P/E is 30.46. The stock has "Hold" rating by Standpoint Research on Wednesday, August 26. Zacks upgraded the shares of IBN in report on Tuesday, August 25 to "Sell" rating. Finally, Macquarie raised ICICI Bank from a "neutral" rating to an "outperform" rating in a report on Monday, March 20th.

Among 24 analysts covering Morgan Stanley (NYSE:MS), 14 have Buy rating, 0 Sell and 10 Hold.

Icici Bank Ltd (NYSE:IBN) 52-week high price stands at $9.94 and low price stands at $6.58, its price distance from 52-week high is -1.51% while its distance from 52-week low price is 48.78%. 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 services and products.


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