Marshall Wace Llp Increased Its Icici Bank (IBN) Stake by $10.71 Million

Bessie Dean
April 15, 2018

PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since April 14, 2017 and is downtrending. It has outperformed by 30.45% the S&P500.

Based on the latest 2017Q4 regulatory filing with the SEC, Paul Marshall rose its holdings in Icici Bank (IBN) by 72.6%. The Capital International Sarl holds 1.22 million shares with $11.87 million value, up from 1.17 million last quarter. Indus Capital Partners Llc who had been investing in Icici Bk Ltd for a number of months, seems to be bullish on the $28.98 billion market cap company. On during the last trading session the stock decreased $0.095 or 1.07%, reaching $8.755.Currently ICICI Bank Limited is uptrending after 12.06% change in last April 13, 2017. About 2.81M shares traded. Since April 13, 2017 IBN has risen 12.06% and is uptrending. The stock outperformed the S&P500 by 0.51%.

Marshall Wace Llp manages about $2.38B US Long portfolio. For a total of 390,530 shares it reduced its holding in Monsanto Co (NYSE:MON) by 54,419 shares in the quarter, and has cut its stake in Nxp Semiconducto (NASDAQ:NXPI).

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Analysts await State Street Corporation (NYSE:STT) to report earnings on April, 25. They expect $1.25 EPS, up 27.55% or $0.27 from last year's $0.98 per share. WNC's profit will be $20.76 million for 14.50 P/E if the $0.36 EPS becomes a reality.

ICICI Securities, the broking and investment banking arm of ICICI Bank, on Saturday reported a 91 per cent year-on-year jump in net profit to Rs 1.59 billion for the quarter ended March 2018 on the back of 35 per cent increase in revenues to Rs 5.15 billion. (The) raised shares of ICICI Bank Limited from a "neutral" rating to a "buy" rating in a research note on Monday, October 24th. Therefore 71% are positive. $28.95B is Icici Bank's MC. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company was initiated on Tuesday, January 16 by Morgan Stanley. The firm has "Sell" rating by Zacks given on Tuesday, August 25. The stock of ICICI Bank Limited (NYSE:IBN) earned "Hold" rating by Standpoint Research on Wednesday, August 26. The rating was downgraded by TheStreet on Thursday, September 3 to "Hold". Goldman Sachs upgraded the shares of IBN in report on Monday, September 14 to "Buy" rating. BMO Capital Markets has "Hold" rating and $2400 target. The stock of ICICI Bank Limited (NYSE:IBN) earned "Sell" rating by Zacks on Wednesday, August 19.

Investors sentiment increased to 1.17 in Q4 2017. Its down 0.04, from 1 in 2017Q3. It is the same, as 40 investors sold HollyFrontier Corporation shares while 125 reduced holdings. only 85 funds opened positions while 112 raised stakes. 169.66 million shares or 0.12% less from 169.87 million shares in 2017Q3 were reported. Secor Capital Advsrs Lp owns 56,977 shares. Cohen Klingenstein Limited Company invested in 28,000 shares or 0.7% of the stock. Stratos Wealth Partners Ltd sold 24,564 shares as the company's stock declined 2.82% with the market. Brown Brothers Harriman & holds 0.25% or 467,626 shares in its portfolio. Prelude Cap Mgmt Limited Liability Company holds 800 shares.

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