Janus Henderson Group PLC cut its stake in shares of HDFC Bank Limited (NYSE:HDB) by 9.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 156,648 shares of the bank’s stock after selling 16,019 shares during the quarter. Janus Henderson Group PLC’s holdings in HDFC Bank were worth $14,741,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Mainstay Capital Management LLC ADV purchased a new position in shares of HDFC Bank during the second quarter worth approximately $105,000. Daiwa Securities Group Inc. increased its position in shares of HDFC Bank by 900.0% during the third quarter. Daiwa Securities Group Inc. now owns 1,500 shares of the bank’s stock worth $141,000 after acquiring an additional 1,350 shares during the period. Pitcairn Co. purchased a new position in shares of HDFC Bank during the second quarter worth approximately $201,000. Portland Global Advisors LLC purchased a new position in shares of HDFC Bank during the third quarter worth approximately $224,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of HDFC Bank during the second quarter worth approximately $252,000. 18.84% of the stock is currently owned by institutional investors and hedge funds.
NYSE HDB opened at $100.46 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.96 and a current ratio of 0.96. HDFC Bank Limited has a 52-week low of $85.43 and a 52-week high of $112.10. The company has a market cap of $87.74 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. ValuEngine downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.
COPYRIGHT VIOLATION WARNING: “Janus Henderson Group PLC Trims Stake in HDFC Bank Limited (HDB)” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/12/08/janus-henderson-group-plc-trims-stake-in-hdfc-bank-limited-hdb.html.
HDFC Bank Profile
HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.
Further Reading: Market Capitalization in the Stock Market
Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter.