HDFC Bank Limited (NYSE:HDB) Stake Boosted by C WorldWide Group Holding A S

C WorldWide Group Holding A S grew its stake in shares of HDFC Bank Limited (NYSE:HDB) by 103.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,208,662 shares of the bank’s stock after acquiring an additional 1,633,596 shares during the period. HDFC Bank accounts for 2.3% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 14th biggest holding. C WorldWide Group Holding A S owned 0.18% of HDFC Bank worth $183,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HDB. Natixis lifted its stake in shares of HDFC Bank by 1.2% in the 2nd quarter. Natixis now owns 8,396 shares of the bank’s stock valued at $1,092,000 after purchasing an additional 99 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in HDFC Bank by 9.1% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,313 shares of the bank’s stock worth $171,000 after acquiring an additional 110 shares during the last quarter. World Asset Management Inc lifted its position in HDFC Bank by 0.9% during the 2nd quarter. World Asset Management Inc now owns 13,134 shares of the bank’s stock worth $1,708,000 after acquiring an additional 113 shares during the last quarter. Capital Insight Partners LLC lifted its position in HDFC Bank by 1.4% during the 2nd quarter. Capital Insight Partners LLC now owns 8,648 shares of the bank’s stock worth $1,125,000 after acquiring an additional 116 shares during the last quarter. Finally, Atlas Capital Advisors LLC lifted its position in HDFC Bank by 3.1% during the 2nd quarter. Atlas Capital Advisors LLC now owns 4,708 shares of the bank’s stock worth $612,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 10.18% of the company’s stock.

Shares of NYSE:HDB traded down $0.46 on Friday, hitting $61.81. 1,133,433 shares of the company were exchanged, compared to its average volume of 1,606,642. The company’s 50 day moving average price is $65.95 and its two-hundred day moving average price is $105.01. HDFC Bank Limited has a one year low of $44.33 and a one year high of $65.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $112.83 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 1.26 and a beta of 0.42.

A number of research analysts have weighed in on HDB shares. ValuEngine lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Sanford C. Bernstein lowered shares of HDFC Bank from an “outperform” rating to a “market perform” rating in a research report on Monday, September 9th. Zacks Investment Research raised shares of HDFC Bank from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Friday, October 25th. Finally, Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $97.32.

HDFC Bank Company 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: Dividend Yield

Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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