In today’s recent session, 1.2 million shares of the ICICI Bank Ltd. ADR (NYSE:IBN) have been traded, and its beta is 0.63. Most recently the company’s share price was $32.65, and it changed around -$0.23 or -0.71% from the last close, which brings the market valuation of the company to $116.45B. IBN at last check was trading at a discount to its 52-week high of $34.50, offering almost -5.67% off that amount. The share price’s 52-week low was $26.59, which indicates that the recent value has risen by an impressive 18.56% since then. We note from ICICI Bank Ltd. ADR’s average daily trading volume that its 10-day average is 3.28 million shares, with the 3-month average coming to 5.23 million.
ICICI Bank Ltd. ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.22. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended IBN as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
ICICI Bank Ltd. ADR (NYSE:IBN) trade information
Instantly IBN has been showing red trend so far today with a performance of -0.71% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 33.50 on recent trading dayincreased the stock’s daily price by 2.54%. The company’s shares are currently up 9.33% year-to-date, but still down -2.38% over the last five days. On the other hand, ICICI Bank Ltd. ADR (NYSE:IBN) is -4.83% down in the 30-day period. We can see from the shorts that 22.28 million shares have been sold at a short interest cover period of 4.24 day(s).
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.61%. ICICI Bank Ltd. ADR earnings are expected to increase by 7.68% in 2025, but the outlook is positive 12.01% per year for the next five years.
IBN Dividends
ICICI Bank Ltd. ADR’s next quarterly earnings report is expected to be released on 2025-Apr-19. The annual dividend yield of the stock is 0.73 percent and its annual dividend per share was 0.24. It is important to note, however, that the 0.73% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.01 per year.
ICICI Bank Ltd. ADR (NYSE:IBN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.18% of ICICI Bank Ltd. ADR shares, and 19.12% of them are in the hands of institutional investors. The stock currently has a share float of 19.16%. ICICI Bank Ltd. ADR stock is held by 825.0 institutions, with MORGAN STANLEY being the largest institutional investor. By 2024-06-30, it held 1.6139% of the shares, which is about 56.72 million shares worth $1.63 billion.
WCM INVESTMENT MANAGEMENT, LLC, with 0.9044% or 63.57 million shares worth $1.84 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
