Jacobson & Schmitt Advisors LLC Has $13.09 Million Stock Holdings in HDFC Bank Limited $HDB

Jacobson & Schmitt Advisors LLC boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 97.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 383,137 shares of the bank’s stock after purchasing an additional 189,303 shares during the quarter. HDFC Bank comprises approximately 2.2% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 22nd largest position. Jacobson & Schmitt Advisors LLC’s holdings in HDFC Bank were worth $13,088,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of HDFC Bank by 104.4% in the third quarter. JPMorgan Chase & Co. now owns 19,204,783 shares of the bank’s stock valued at $656,035,000 after acquiring an additional 9,808,890 shares during the period. Robeco Institutional Asset Management B.V. increased its position in HDFC Bank by 150.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 11,601,628 shares of the bank’s stock worth $396,312,000 after acquiring an additional 6,963,646 shares during the period. Schroder Investment Management Group raised its stake in HDFC Bank by 19.0% during the 2nd quarter. Schroder Investment Management Group now owns 10,614,708 shares of the bank’s stock valued at $813,830,000 after purchasing an additional 1,692,243 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in HDFC Bank by 89.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,209,034 shares of the bank’s stock valued at $348,741,000 after purchasing an additional 4,810,042 shares during the last quarter. Finally, C WorldWide Group Holding A S boosted its holdings in HDFC Bank by 133.0% in the 3rd quarter. C WorldWide Group Holding A S now owns 9,362,828 shares of the bank’s stock valued at $319,834,000 after purchasing an additional 5,345,005 shares during the period. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Performance

Shares of HDB stock opened at $32.21 on Wednesday. The firm has a fifty day moving average of $33.82 and a 200-day moving average of $35.16. The stock has a market cap of $164.30 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.36 and a beta of 0.57. HDFC Bank Limited has a 52-week low of $29.23 and a 52-week high of $39.81.

Analyst Upgrades and Downgrades

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

HDFC Bank Company 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).