HDFC Bank Limited $HDB Shares Bought by Capital International Sarl

Capital International Sarl lifted its holdings in HDFC Bank Limited (NYSE:HDB) by 111.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,648 shares of the bank’s stock after purchasing an additional 21,964 shares during the period. Capital International Sarl’s holdings in HDFC Bank were worth $1,423,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HDB. Insigneo Advisory Services LLC boosted its holdings in HDFC Bank by 4.9% during the second quarter. Insigneo Advisory Services LLC now owns 3,244 shares of the bank’s stock worth $249,000 after buying an additional 152 shares in the last quarter. Level Four Advisory Services LLC lifted its position in shares of HDFC Bank by 3.0% during the 2nd quarter. Level Four Advisory Services LLC now owns 7,681 shares of the bank’s stock valued at $589,000 after acquiring an additional 223 shares during the last quarter. Snowden Capital Advisors LLC lifted its position in shares of HDFC Bank by 5.8% during the 2nd quarter. Snowden Capital Advisors LLC now owns 5,707 shares of the bank’s stock valued at $438,000 after acquiring an additional 311 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of HDFC Bank by 54.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after acquiring an additional 322 shares in the last quarter. Finally, Portside Wealth Group LLC grew its holdings in shares of HDFC Bank by 3.6% in the 2nd quarter. Portside Wealth Group LLC now owns 9,340 shares of the bank’s stock worth $716,000 after acquiring an additional 326 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HDB. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings cut HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

HDFC Bank Stock Performance

NYSE HDB opened at $29.46 on Wednesday. The firm’s 50 day moving average price is $32.76 and its two-hundred day moving average price is $34.70. HDFC Bank Limited has a twelve month low of $28.65 and a twelve month high of $39.81. The stock has a market cap of $150.30 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.24 and a beta of 0.56.

HDFC Bank Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).