Capital Bank & Trust Co lessened its holdings in HDFC Bank Limited (NYSE:HDB) by 0.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 949,176 shares of the bank’s stock after selling 2,065 shares during the period. HDFC Bank accounts for approximately 1.2% of Capital Bank & Trust Co’s holdings, making the stock its 28th biggest position. Capital Bank & Trust Co owned about 0.11% of HDFC Bank worth $91,472,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Financial Counselors Inc. increased its stake in HDFC Bank by 0.8% in the 2nd quarter. Financial Counselors Inc. now owns 5,791 shares of the bank’s stock worth $504,000 after buying an additional 46 shares in the last quarter. Trillium Asset Management LLC boosted its holdings in shares of HDFC Bank by 0.3% during the 2nd quarter. Trillium Asset Management LLC now owns 36,636 shares of the bank’s stock valued at $3,186,000 after purchasing an additional 115 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in shares of HDFC Bank by 1.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 11,160 shares of the bank’s stock valued at $677,000 after purchasing an additional 124 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of HDFC Bank by 7.0% during the 2nd quarter. IFP Advisors Inc now owns 2,072 shares of the bank’s stock valued at $180,000 after purchasing an additional 136 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of HDFC Bank by 14.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,469 shares of the bank’s stock valued at $142,000 after purchasing an additional 189 shares during the last quarter. Institutional investors and hedge funds own 17.53% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of HDFC Bank from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. HDFC Bank currently has a consensus rating of “Buy” and a consensus target price of $110.00.
HDFC Bank Limited (NYSE:HDB) opened at $95.60 on Friday. HDFC Bank Limited has a 1-year low of $59.00 and a 1-year high of $100.26. The company has a market cap of $81,659.80, a PE ratio of 35.94, a price-to-earnings-growth ratio of 1.09 and a beta of 0.85. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.71.
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About HDFC Bank
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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