AMP Capital Investors Ltd Has $26.79 Million Position in HDFC Bank Limited (HDB)
AMP Capital Investors Ltd lowered its stake in shares of HDFC Bank Limited (NYSE:HDB) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 277,982 shares of the bank’s stock after selling 25,138 shares during the quarter. AMP Capital Investors Ltd’s holdings in HDFC Bank were worth $26,790,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Allianz Asset Management GmbH increased its holdings in shares of HDFC Bank by 187.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 276,333 shares of the bank’s stock valued at $26,630,000 after acquiring an additional 180,292 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of HDFC Bank by 128.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 39,185 shares of the bank’s stock worth $3,776,000 after purchasing an additional 22,023 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of HDFC Bank by 57.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 74,954 shares of the bank’s stock worth $7,220,000 after purchasing an additional 27,467 shares in the last quarter. Stifel Financial Corp boosted its position in shares of HDFC Bank by 5.1% during the 3rd quarter. Stifel Financial Corp now owns 36,669 shares of the bank’s stock worth $3,538,000 after purchasing an additional 1,778 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in shares of HDFC Bank by 19.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,350,974 shares of the bank’s stock worth $322,933,000 after purchasing an additional 548,882 shares in the last quarter. 17.53% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research upgraded shares of HDFC Bank from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $110.00.
HDFC Bank Limited (NYSE:HDB) traded up $0.41 during trading on Friday, hitting $95.00. 396,300 shares of the company traded hands, compared to its average volume of 707,861. HDFC Bank Limited has a 1-year low of $59.00 and a 1-year high of $100.26. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.71. The stock has a market cap of $80,797.07, a price-to-earnings ratio of 35.56, a PEG ratio of 1.08 and a beta of 0.85.
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HDFC Bank Company Profile
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.
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