GQG Partners LLC has recently announced that it has increased stake in ICICI Bank Ltd. ADR (NYSE:IBN) by 9.71%. After grabbing 70.2 million shares, the institutional investor is now in possession of 6.21 million shares of the Financial Company. The new investment brought the stake of investor firm to 2.00% having worth around $1.56 billion. Moreover, Temasek Holdings Pte Ltd. increased its share by 3.03 million to have a control over 28.25 million shares. And Capital Research & Management Co raised its holdings to 85580.0 shares by acquiring 20.19 million shares or 0.58% of the stake.
ICICI Bank Ltd. ADR (IBN) concluded trading on December 20, 2023 at a closing price of $23.96, with 3.21 million shares of worth about $76.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.58% during that period and On Wednesday the price saw a loss of about -2.16%. Currently the company’s common shares owned by public are about 3.51B shares, out of which, 3.50B shares are available for trading.
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Goldman Sachs GQG Partners Intern, WCM Focused International Growth, and Morgan Stanley Invt. Fds. – Asia are the top 3 mutual funds which are holding stakes in ICICI Bank Ltd. ADR Goldman Sachs GQG Partners Intern is currently holding 28.9 million shares of worth totaling $640.61 million. The company recently came buying 1.05 million shares which brought its stake up to 0.82% of the company’s outstanding shares. WCM Focused International Growth sold -0.4 million shares, after which its hold over company’s outstanding shares shrunk to 0.56%, leaving 19.5 million shares with the mutual fund that have a worth of about $432.27 million. Morgan Stanley Invt. Fds. – Asia, after selling 12.86 million shares, have now control over 0.37% of the stake in the company. It holds -5.03 million shares of worth $285.2 million.
However, the stock later moved at a day high price of 24.26, or with a loss of -2.16%. Stock saw a price change of -2.96% in past 5 days and over the past one month there was a price change of 7.69%. Year-to-date (YTD), IBN shares are showing a performance of 9.46% which increased to 9.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.34 but also hit the highest price of $25.04 during that period. The average intraday trading volume for ICICI Bank Ltd. ADR shares is 5.18 million. The stock is currently trading 1.72% above its 20-day simple moving average (SMA20), while that difference is up 4.53% for SMA50 and it goes to 5.10% higher than SMA200.
GQG Partners LLC acquired 70.2 million shares of ICICI Bank Ltd. ADR having value of about $1.56 billion. Data submitted at the U.S SEC by GQG Partners LLC revealed that the firm now holds 6.21 million shares in the company valued at close to $148858328.6, or have control over 9.71% stake in the company. ICICI Bank Ltd. ADR (NYSE: IBN) currently have 3.51B outstanding shares and institutions hold larger chunk of about 18.64% of that. Holding of mutual funds in the company is about 10.90% while other institutional holders and individual stake holders have control over 8.21% and — of the stake respectively.
The stock has a current market capitalization of $84.02B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 17.50, while it has posted earnings per share of $1.37 in the same period. Its PEG reads 0.82 while making debt-to-equity ratio of 0.82. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IBN, volatility over the week remained 1.04% while standing at 1.14% over the month.
Analysts are in expectations that ICICI Bank Ltd. ADR (IBN) stock would likely to be making an EPS of $0.32 in the current quarter, while forecast for next quarter EPS is $0.33 and it is $1.41 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.32 which is $0.32 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.28 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 18.00% while it is estimated to increase by 9.31% in next year. EPS is likely to shrink at an annualized rate of 21.30% for next 5-years, compared to annual growth of 45.49% made by the stock over the past 5-years.
