HDFC Bank Limited (HDB) Shares Bought by Sit Investment Associates Inc.

Sit Investment Associates Inc. increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,075 shares of the bank’s stock after buying an additional 225 shares during the period. Sit Investment Associates Inc.’s holdings in HDFC Bank Limited were worth $354,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Parallel Advisors LLC increased 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 in the last quarter. Creative Planning increased its stake 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 stake 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. Dixon Hubard Feinour & Brown Inc. VA bought a new stake in HDFC Bank Limited during the first quarter valued at $201,000. Finally, Columbia Pacific Advisors LLC bought a new stake in HDFC Bank Limited during the first quarter valued at $226,000. 18.72% of the stock is owned by hedge funds and other institutional investors.

Shares of HDFC Bank Limited (NYSE:HDB) traded up 0.10% during trading on Friday, reaching $94.33. 423,115 shares of the company were exchanged. The stock has a market capitalization of $483.45 billion, a P/E ratio of 204.18 and a beta of 0.87. HDFC Bank Limited has a 1-year low of $59.00 and a 1-year high of $99.77. The firm has a 50-day moving average price of $93.31 and a 200-day moving average price of $82.44.

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 was Tuesday, June 27th.

COPYRIGHT VIOLATION WARNING: This story was first published by BNB Daily and is the property of of BNB Daily. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.baseball-news-blog.com/2017/08/20/sit-investment-associates-inc-has-354000-stake-in-hdfc-bank-limited-hdb-updated-updated-updated.html.

Several research firms have recently weighed in on HDB. BidaskClub downgraded shares of HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Thursday, June 1st. Jefferies Group LLC raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley raised shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note 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 assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $107.00.

About HDFC Bank Limited

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.

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

Receive News & Ratings for HDFC Bank Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply