ICICI Securities Q4 net profit jumps 91% to Rs 159 cr

Joann Johnston
April 15, 2018

At the end of 2017Q4, the hedge fund run by Paul Marshall held 2.83M shares of the commercial banks company, priced at $27.52M, up from 1.64 million at the end of the previous reported quarter. Dalton Investments Llc who had been investing in Icici Bk Ltd for a number of months, seems to be bullish on the $28.93B market cap company. IBN has also 2.22 million shares volume. ICICI Bank Limited (NYSE:IBN) has risen 12.06% since April 13, 2017 and is uptrending. The stock has a market capitalization of $28,350.64, a price-to-earnings ratio of 22.13, a PEG ratio of 0.78 and a beta of 1.89.

The Board of Directors of ICICI Securities Ltd at its Meeting held on April 14, 2018, has approved the recommendation of final dividend of Rs. 3.90/- (Rupees Three and Ninety Paise only) per equity share of face value of Rs. 5/- each to the shareholders of the Company which shall be subject to their approval at the ensuing Annual General Meeting. The institutional investor held 130 shares of the consumer services company at the end of 2017Q4, valued at $14,000, down from 458,449 at the end of the previous reported quarter. Hap Trading Llc who had been investing in Valeant Pharmaceuticals Intl (Call) for a number of months, seems to be bullish on the $5.98B market cap company. The stock decreased 2.77% or $0.85 during the last trading session, reaching $29.8. About 458,771 shares traded. HollyFrontier Corporation (NYSE:HFC) has risen 84.07% since April 14, 2017 and is uptrending. It has underperformed by 3.07% the S&P500. Zacks Investment Research downgraded ICICI Bank from a "buy" rating to a "hold" rating in a research note on Wednesday, January 10th. Therefore 71% are positive. Icici Bank has $28.95 billion MC. As per Monday, October 24, the company rating was upgraded by Goldman Sachs. As per Monday, September 14, the company rating was upgraded by Goldman Sachs. The firm earned "Hold" rating on Thursday, March 17 by Deutsche Bank. On Monday, October 30 the rating was upgraded by Jefferies to "Buy". Credit Suisse upgraded the shares of IBN in report on Thursday, April 21 to "Outperform" rating. Neuberger Berman Group LLC now owns 18,619 shares of the company's stock worth $134,000 after buying an additional 1,419 shares in the last quarter. The rating was maintained by UBS on Friday, August 26 with "Buy". Finally, Morgan Stanley assumed coverage on ICICI Bank in a research note on Tuesday, January 16th. The firm has "Sell" rating by Zacks given on Tuesday, August 25.

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A portfolio of $2.38 billion is managed by Marshall Wace Llp.

For the full financial year 2017-18, ICICI Securities' revenue rose 32 per cent to Rs 1,859 crore as against Rs 1,404 crore in FY17. Its up 0.06, from 1.15 in 2017Q3. It is positive, as 39 investors sold DLTR shares while 197 reduced holdings. 80 funds opened positions while 211 raised stakes. Northern Tru Corporation has 753,955 shares for 0% of their portfolio. 312.70 million shares or 2.45% less from 320.54 million shares in 2017Q3 were reported. Bailard holds 0.27% or 43,388 shares in its portfolio. Scotia Capital reported 385,323 shares. Massachusetts-based Penobscot Mngmt Communication Inc has invested 0.11% in State Street Corporation (NYSE:STT). Moreover, Ellington Management Grp Incorporated Limited Liability Company has 0.1% invested in HollyFrontier Corporation (NYSE:HFC). Schwab Charles Investment Management Inc. now owns 428,857 shares of the bank's stock worth $3,672,000 after acquiring an additional 76,992 shares in the last quarter. Baldwin Brothers Inc sold 2,995 shares as Facebook Inc (FB)'s stock declined 14.10%. Glovista Ltd Llc has invested 0.18% of its portfolio in PepsiCo, Inc. Arrowstreet Capital Partnership reported 75,182 shares or 0% of all its holdings.

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