HDFC Bank Limited $HDB Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its stake in HDFC Bank Limited (NYSE:HDB) by 116.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 511,760 shares of the bank’s stock after purchasing an additional 275,580 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in HDFC Bank were worth $17,482,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC boosted its holdings in shares of HDFC Bank by 136.4% during the second quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock valued at $52,000 after acquiring an additional 390 shares during the period. Assetmark Inc. boosted its stake in HDFC Bank by 358.4% during the second quarter. Assetmark Inc. now owns 706 shares of the bank’s stock valued at $54,000 after buying an additional 552 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in HDFC Bank by 100.0% during the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after acquiring an additional 379 shares during the period. Clearstead Advisors LLC grew its holdings in HDFC Bank by 476.8% during the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after acquiring an additional 739 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in HDFC Bank by 54.5% in the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after acquiring an additional 322 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Down 2.3%

HDB stock opened at $30.84 on Wednesday. The firm has a 50 day moving average of $33.41 and a two-hundred day moving average of $34.97. HDFC Bank Limited has a 12 month low of $29.23 and a 12 month high of $39.81. The company has a market capitalization of $157.33 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.31 and a beta of 0.56.

Analysts Set New Price Targets

Several research firms recently commented on HDB. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings raised HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

HDFC Bank Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).