Oaktree Capital Management LP Increased Its Icici Bank LTD (IBN) Stake by $10.23 Million

May 3, 2018 - By Sarah Harris

ICICI Bank Limited (NYSE:IBN) Corporate Logo

Howard Marks’s stake in Icici Bank Ltd. (IBN) is increased by 14.83% based on its latest 2017Q4 regulatory filing with the SEC. 1.14 million shares were bought by Oaktree Capital Management Lp as the company’s stock declined 11.13% with the market. The commercial banks company announced $85.67M value for the 2017Q4. Now the hedge fund run by Howard Marks is holding 8.80M shares, compared to the 7.67 million from the previous quarter. $27.04 billion is the MC of Icici Bank Ltd.. The stock decreased 0.12% or $0.01 during the last trading session, hitting $8.35.ICICI Bank Limited has volume of 2.09 million shares. Since May 3, 2017 IBN has risen 12.06% and is uptrending. IBN outperformed the S&P500 by 0.51%.

A portfolio of $6.38 billion is managed by Oaktree Capital Management Lp. As it’s registered in Securities and Exchange form the stake in Mgic Investment Corp (NYSE:MTG) is decreased by 765,000 shares to 500,000 shares. They are valued at $7.06M in 2017Q4. For a total of 250,000 shares it reduced its holding in Nationstar Mortgage Holdings Inc (Call) (NYSE:NSM) by 1.56 million shares in the quarter, and has cut its stake in Spectrum Pharmaceuticals Inc (Prn).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: