Shares of the company are trading at $9.15 a tad above $8.62, the 50 day moving average and which is slightly above the 200 day moving average of $8.81. The 50 day moving average was up $0.53 and the 200 day average went up $0.34 or +3.91%. Trading was light with 10,055K shares changing hands on Tuesday. Trading volume was down 25.54% under the stocks average daily volume.
Investors are feeling more bearish on shares of ICICI Bank Limited of late as implied by the change in short interest. The firm realized a rise in short interest of 0.26% between September 29, 2017 and October 13, 2017. Short interest grew from 4,406,032 to 4,417,333 over that period. The days to cover decreased to 1.0 and the percentage of shorted shares was 0.00% on October 13.
A few notable investment firms have updated their holdings. Aperio Group, LLC expanded its stake by buying 65,121 shares an increase of 7.4% from 06/30/2017 to 09/30/2017. Aperio Group, LLC controls 939,624 shares valued at $8,043,000. The value of the position overall is up by 2.5%. State Of New Jersey Common Pension Fund D augmented its investment by buying 571,283 shares an increase of 62.3% in the quarter. State Of New Jersey Common Pension Fund D now holds 1,488,261 shares with a value of $12,739,000. The total value of its holdings increased 54.9%.
As of the end of the quarter Cornerstone Advisors, Inc. had bought a total of 824 shares growing its position 10.6%. The value of the investment in (IBN) went from $70,000 to $73,000 increasing 4.3% since the last quarter. Simplex Trading, LLC added to its position by buying 23,864 shares an increase of 29.2% as of 09/30/2017. Simplex Trading, LLC currently owns 105,592 shares worth $903,000. The total value of its holdings increased 23.2%.
The company is now up from yesterday’s close of $9.15. ICICI Bank Limited also announced a dividend for shareholders that was paid on Monday the 3rd of July 2017. The dividend payment was $0.018 per share for the quarter or $0.07 on an annualized basis. This dividend represents a yield of $0.80. The ex-dividend date was Monday the 19th of June 2017.
The company currently has a P/E ratio of 18.60 and market cap is 29.31B.
ICICI Bank Limited (the Bank), launched on January 5, 1994, is a banking company. The Bank is involved 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..