ICICI Bank Ltd. ADR (NYSE:IBN)’s traded shares stood at 3.58 million during the last session, with the company’s beta value hitting 1.03. At the close of trading, the stock’s price was $29.48, to imply a decrease of -0.30% or -$0.09 in intraday trading. The IBN share’s 52-week high remains $31.60, putting it -7.19% down since that peak but still an impressive 25.75% since price per share fell to its 52-week low of $21.89. The company has a valuation of $103.89B, with an average of 4.58 million shares in intraday trading volume over the past 10 days and average of 5.53 million shares over the past 3 months.
ICICI Bank Ltd. ADR (NYSE:IBN) trade information
After registering a -0.30% downside in the last session, ICICI Bank Ltd. ADR (IBN) has traded red over the past five days. The 5-day price performance for the stock is -0.41%, and -5.75% over 30 days. With these gigs, the year-to-date price performance is 23.66%. Short interest in ICICI Bank Ltd. ADR (NYSE:IBN) saw shorts transact 27.25 million shares and set a 4.58 days time to cover.
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ICICI Bank Ltd. ADR (IBN) estimates and forecasts
Looking at statistics comparing ICICI Bank Ltd. ADR share performance against respective industry, we note that the company has outperformed competitors. ICICI Bank Ltd. ADR (IBN) shares are 11.12% up over the last 6 months, with its year-to-date growth rate higher than industry average at 8.63% against 5.00%. The rating firms project that company’s revenue will shrink -33.80% compared to the previous financial year.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 74.44% for the past 5-year period. While 2024 is set for a 9.80% return in earnings, projections for the next 5 years are at 9.13% annually.
IBN Dividends
ICICI Bank Ltd. ADR has its next earnings report out on 2024-Oct-26. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. ICICI Bank Ltd. ADR has a forward dividend ratio of 0.24, with the share yield ticking at 0.81% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.01%.
The next major institution holding the largest number of shares is MORGAN STANLEY with 56.72 million shares, or about 1.6163% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.63 billion.
We also have Goldman Sachs GQG Partners International Opportunities Fund and Investment Managers Ser Tr-WCM Focused International Growth Fd as the top two Mutual Funds with the largest holdings of the ICICI Bank Ltd. ADR (IBN) shares. Going by data provided on Jul 31, 2024 , Goldman Sachs GQG Partners International Opportunities Fund holds roughly 33.19 shares. This is just over 0.94% of the total shares, with a market valuation of $978.3 million. Data from the same date shows that the other fund manager holds a little less at 18.32, or 0.52% of the shares, all valued at about 540.2 million.
