ICICI Bank Ltd. ADR (NYSE:IBN) has a beta value of 1.03 and has seen 1.12 million shares traded in the recent trading session. The company, currently valued at $103.41B, closed the recent trade at $29.35 per share which meant it gained $0.21 on the day or 0.72% during that session. The IBN stock price is -7.67% off its 52-week high price of $31.60 and 25.42% above the 52-week low of $21.89. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.56 million shares traded. The 3-month trading volume is 5.56 million shares.
ICICI Bank Ltd. ADR (NYSE:IBN) trade information
Sporting 0.72% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the IBN stock price touched $29.35 or saw a rise of 0.61%. Year-to-date, ICICI Bank Ltd. ADR shares have moved 23.11%, while the 5-day performance has seen it change 0.17%. Over the past 30 days, the shares of ICICI Bank Ltd. ADR (NYSE:IBN) have changed -2.00%. Short interest in the company has seen 27.25 million shares shorted with days to cover at 4.58.
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ICICI Bank Ltd. ADR (IBN) estimates and forecasts
Figures show that ICICI Bank Ltd. ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 15.14% over the past 6 months, with this year growth rate of 8.63%, compared to 4.60% for the industry. Revenue growth from the last financial year stood is estimated to be -33.90%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 74.44% over the past 5 years. Earnings growth for 2024 is a modest 9.98% while over the next 5 years, the company’s earnings are expected to increase by 9.13%.
IBN Dividends
ICICI Bank Ltd. ADR is expected to release its next earnings report on 2024-Oct-26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.24 at a share yield of 0.81%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.01%.
ICICI Bank Ltd. ADR (NYSE:IBN)’s Major holders
The top two institutional holders are WCM INVESTMENT MANAGEMENT, LLC with over 63.57 million shares worth more than $1.84 billion. As of 2024-06-30, WCM INVESTMENT MANAGEMENT, LLC held 1.8115% of shares outstanding.
The other major institutional holder is MORGAN STANLEY, with the holding of over 56.72 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.63 billion and represent 1.6163% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Goldman Sachs GQG Partners International Opportunities Fund and Investment Managers Ser Tr-WCM Focused International Growth Fd. As of Jul 31, 2024, the former fund manager holds about 0.94% shares in the company for having 33.19 shares of worth $972.82 million while later fund manager owns 18.32 shares of worth $537.18 million as of Jun 30, 2024, which makes it owner of about 0.52% of company’s outstanding stock.
