Todd Asset Management LLC trimmed its stake in HDFC Bank Limited (NYSE:HDB) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 254,912 shares of the bank’s stock after selling 31,161 shares during the period. Todd Asset Management LLC’s holdings in HDFC Bank Limited were worth $24,566,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Financial Counselors Inc. lifted its position in shares of HDFC Bank Limited by 0.8% in the 2nd quarter. Financial Counselors Inc. now owns 5,791 shares of the bank’s stock worth $504,000 after purchasing an additional 46 shares during the period. Huntington National Bank lifted its position in shares of HDFC Bank Limited by 4.9% in the 2nd quarter. Huntington National Bank now owns 1,730 shares of the bank’s stock worth $150,000 after purchasing an additional 81 shares during the period. Trillium Asset Management LLC increased its stake in shares of HDFC Bank Limited by 0.3% in the 2nd quarter. Trillium Asset Management LLC now owns 36,636 shares of the bank’s stock worth $3,186,000 after acquiring an additional 115 shares in the last quarter. Creative Planning increased its stake in shares of HDFC Bank Limited by 7.1% in the 2nd quarter. Creative Planning now owns 1,821 shares of the bank’s stock worth $158,000 after acquiring an additional 121 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in shares of HDFC Bank Limited by 1.1% in the 2nd quarter. Bahl & Gaynor Inc. now owns 11,160 shares of the bank’s stock worth $677,000 after acquiring an additional 124 shares in the last quarter. 17.78% of the stock is owned by hedge funds and other institutional investors.
Shares of HDFC Bank Limited (NYSE:HDB) traded down $0.65 during trading on Monday, hitting $94.02. 393,200 shares of the company traded hands, compared to its average volume of 730,102. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $80,310.19, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 1.07 and a beta of 0.83. HDFC Bank Limited has a 52 week low of $59.00 and a 52 week high of $100.26.
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Several research analysts recently issued reports on HDB shares. Zacks Investment Research upgraded shares of HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Friday, July 21st. BidaskClub upgraded shares of HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Morgan Stanley upgraded shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC upgraded shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. HDFC Bank Limited presently has an average rating of “Buy” and an average price target of $110.00.
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.
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