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Brookfield Asset Management Trimmed Its Edison Intl (EIX) Position by $65.73 Million; New Vernon Capital Holdings Ii Has Trimmed Holding in Icici Bk LTD (IBN) by $1.43 Million as Shares Declined

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New Vernon Capital Holdings Ii Llc decreased its stake in Icici Bk Ltd (IBN) by 28.26% based on its latest 2017Q4 regulatory filing with the SEC. New Vernon Capital Holdings Ii Llc sold 158,580 shares as the company’s stock declined 11.13% with the market. The hedge fund held 402,613 shares of the commercial banks company at the end of 2017Q4, valued at $3.92M, down from 561,193 at the end of the previous reported quarter. New Vernon Capital Holdings Ii Llc who had been investing in Icici Bk Ltd for a number of months, seems to be less bullish one the $27.45 billion market cap company. The stock decreased 0.24% or $0.02 during the last trading session, reaching $8.44. About 328,880 shares traded. ICICI Bank Limited (NYSE:IBN) has risen 12.06% since April 23, 2017 and is uptrending. It has outperformed by 0.51% the S&P500.

Brookfield Asset Management Inc decreased its stake in Edison Intl (EIX) by 45.34% based on its latest 2017Q4 regulatory filing with the SEC. Brookfield Asset Management Inc sold 1.04M shares as the company’s stock declined 3.19% with the market. The hedge fund held 1.26 million shares of the central company at the end of 2017Q4, valued at $79.55M, down from 2.30 million at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Edison Intl for a number of months, seems to be less bullish one the $20.89 billion market cap company. The stock increased 0.02% or $0.01 during the last trading session, reaching $64.13. About 58,168 shares traded. Edison International (NYSE:EIX) has declined 21.55% since April 23, 2017 and is downtrending. It has underperformed by 33.10% the S&P500.

Among 7 analysts covering ICICI Bank (NYSE:IBN), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. ICICI Bank had 11 analyst reports since August 19, 2015 according to SRatingsIntel. On Thursday, April 21 the stock rating was upgraded by Credit Suisse to “Outperform”. As per Tuesday, August 25, the company rating was upgraded by Zacks. The company was upgraded on Monday, October 30 by Jefferies. The stock of ICICI Bank Limited (NYSE:IBN) earned “Hold” rating by Standpoint Research on Wednesday, August 26. The rating was upgraded by Goldman Sachs on Monday, September 14 to “Buy”. The stock has “Hold” rating by Zacks on Thursday, September 3. Morgan Stanley initiated the stock with “Buy” rating in Tuesday, January 16 report. The company was upgraded on Friday, October 21 by UBS. The stock of ICICI Bank Limited (NYSE:IBN) has “Sell” rating given on Wednesday, August 19 by Zacks. The stock has “Buy” rating by Goldman Sachs on Monday, October 24.

Analysts await ICICI Bank Limited (NYSE:IBN) to report earnings on May, 2. They expect $0.09 earnings per share, 0.00% or $0.00 from last year’s $0.09 per share. IBN’s profit will be $292.73 million for 23.44 P/E if the $0.09 EPS becomes a reality.

Among 20 analysts covering Edison (NYSE:EIX), 10 have Buy rating, 1 Sell and 9 Hold. Therefore 50% are positive. Edison had 71 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Edison International (NYSE:EIX) earned “Neutral” rating by JP Morgan on Tuesday, April 10. The firm earned “Buy” rating on Friday, September 29 by SunTrust. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, August 15. As per Friday, November 6, the company rating was upgraded by Wolfe Research. Morgan Stanley maintained it with “Equal-Weight” rating and $82 target in Wednesday, December 13 report. The firm earned “Hold” rating on Tuesday, May 3 by Jefferies. The stock has “Buy” rating by RBC Capital Markets on Sunday, August 13. The firm earned “Equal-Weight” rating on Thursday, March 8 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, April 20 by Argus Research. The firm has “Hold” rating by Jefferies given on Thursday, July 13.

Brookfield Asset Management Inc, which manages about $13.20 billion and $24.31 billion US Long portfolio, upped its stake in General Mls Inc (NYSE:GIS) by 6,300 shares to 143,496 shares, valued at $8.51 million in 2017Q4, according to the filing. It also increased its holding in American Tower Corp New (NYSE:AMT) by 430,500 shares in the quarter, for a total of 2.81M shares, and has risen its stake in Firstenergy Corp (NYSE:FE).

Investors sentiment increased to 1.25 in 2017 Q4. Its up 0.10, from 1.15 in 2017Q3. It improved, as 54 investors sold EIX shares while 157 reduced holdings. 71 funds opened positions while 192 raised stakes. 258.17 million shares or 0.70% less from 259.99 million shares in 2017Q3 were reported. Lsv Asset Mngmt holds 1.16 million shares. Credit Suisse Ag has invested 0.03% in Edison International (NYSE:EIX). Covington Capital stated it has 0.03% of its portfolio in Edison International (NYSE:EIX). Massachusetts Finance Co Ma invested 0.04% of its portfolio in Edison International (NYSE:EIX). Oppenheimer Asset Mngmt owns 5,695 shares or 0.01% of their US portfolio. Hbk Invests Limited Partnership holds 0.17% or 292,900 shares. Petrus Trust Lta invested in 0.17% or 10,664 shares. Citadel Advsr Ltd Liability Company, a Illinois-based fund reported 563,388 shares. Engineers Gate Manager LP stated it has 34,440 shares or 0.15% of all its holdings. 6,382 are owned by Private Asset Mgmt. Prudential Fincl holds 552,325 shares or 0.05% of its portfolio. Finemark State Bank & owns 0.25% invested in Edison International (NYSE:EIX) for 62,828 shares. Price T Rowe Inc Md holds 0.06% or 5.62M shares in its portfolio. Victory Cap Mgmt Inc holds 0.01% or 84,058 shares in its portfolio. Tiaa Cref Invest Mgmt Limited Company holds 0.05% or 1.10 million shares in its portfolio.

Analysts await Edison International (NYSE:EIX) to report earnings on May, 1 after the close. They expect $0.95 earnings per share, down 13.64% or $0.15 from last year’s $1.1 per share. EIX’s profit will be $309.52 million for 16.88 P/E if the $0.95 EPS becomes a reality. After $1.10 actual earnings per share reported by Edison International for the previous quarter, Wall Street now forecasts -13.64% negative EPS growth.

Edison International (NYSE:EIX) Institutional Positions Chart

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