Quantitative Investment Management LLC acquired a new stake in HDFC Bank Limited (NYSE:HDB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,700 shares of the bank’s stock, valued at approximately $2,307,000.
Several other institutional investors have also made changes to their positions in the company. Bamco Inc. NY lifted its position in shares of HDFC Bank by 36.7% in the fourth quarter. Bamco Inc. NY now owns 6,674 shares of the bank’s stock worth $679,000 after buying an additional 1,791 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of HDFC Bank by 8.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 42,520 shares of the bank’s stock worth $4,323,000 after buying an additional 3,335 shares in the last quarter. New Vernon Capital Holdings II LLC lifted its position in shares of HDFC Bank by 53.9% in the fourth quarter. New Vernon Capital Holdings II LLC now owns 44,999 shares of the bank’s stock worth $4,575,000 after buying an additional 15,767 shares in the last quarter. Pitcairn Co. purchased a new stake in shares of HDFC Bank in the fourth quarter worth about $202,000. Finally, ETRADE Capital Management LLC lifted its position in shares of HDFC Bank by 18.1% in the fourth quarter. ETRADE Capital Management LLC now owns 3,335 shares of the bank’s stock worth $339,000 after buying an additional 510 shares in the last quarter. Institutional investors and hedge funds own 17.40% of the company’s stock.
Shares of HDFC Bank Limited (NYSE HDB) opened at $97.96 on Friday. The company has a market capitalization of $84,376.08, a PE ratio of 36.83, a P/E/G ratio of 1.11 and a beta of 1.00. HDFC Bank Limited has a 52-week low of $72.02 and a 52-week high of $110.77.
Separately, Zacks Investment Research upgraded HDFC Bank from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Monday, January 1st.
HDFC Bank 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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