Tokio Marine Asset Management Co. Ltd. lowered its stake in HDFC Bank Limited (NYSE:HDB) by 4.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 62,400 shares of the bank’s stock after selling 3,100 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in HDFC Bank Limited were worth $5,427,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in HDFC Bank Limited by 17.1% in the first quarter. Parallel Advisors LLC now owns 1,280 shares of the bank’s stock valued at $104,000 after buying an additional 187 shares during the period. Creative Planning increased its position in HDFC Bank Limited by 6.3% in the first quarter. Creative Planning now owns 1,700 shares of the bank’s stock valued at $128,000 after buying an additional 100 shares in the last quarter. Independent Portfolio Consultants Inc. increased its position in HDFC Bank Limited by 744.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,689 shares of the bank’s stock valued at $147,000 after buying an additional 1,489 shares in the last quarter. Huntington National Bank increased its position in HDFC Bank Limited by 4.9% in the second quarter. Huntington National Bank now owns 1,730 shares of the bank’s stock valued at $150,000 after buying an additional 81 shares in the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA purchased a new position in HDFC Bank Limited during the first quarter valued at approximately $201,000. 18.94% of the stock is currently owned by institutional investors.
HDFC Bank Limited (NYSE:HDB) traded down 0.93% during trading on Friday, reaching $93.60. The company had a trading volume of 1,299,799 shares. The firm’s 50-day moving average price is $92.19 and its 200 day moving average price is $81.50. HDFC Bank Limited has a one year low of $59.00 and a one year high of $99.77. The firm has a market capitalization of $479.71 billion, a P/E ratio of 203.04 and a beta of 0.87.
The business also recently declared a None dividend, which was paid on Thursday, August 3rd. Investors of record on Thursday, June 29th were paid a dividend of $0.494 per share. The ex-dividend date of this dividend was Tuesday, June 27th.
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A number of equities research analysts have commented on HDB shares. Zacks Investment Research raised HDFC Bank Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub raised HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Morgan Stanley raised HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC raised HDFC Bank Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $103.00.
HDFC Bank Limited 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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