Capital Guardian Trust Co. Acquires 9,699 Shares of HDFC Bank Limited (HDB)

Capital Guardian Trust Co. lifted its position in shares of HDFC Bank Limited (NYSE:HDB) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,599 shares of the bank’s stock after purchasing an additional 9,699 shares during the quarter. Capital Guardian Trust Co.’s holdings in HDFC Bank were worth $12,971,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Earnest Partners LLC boosted its position in shares of HDFC Bank by 1.4% during the third quarter. Earnest Partners LLC now owns 1,850,810 shares of the bank’s stock worth $178,363,000 after purchasing an additional 25,256 shares in the last quarter. Janus Henderson Group PLC increased its stake in HDFC Bank by 51.0% in the 3rd quarter. Janus Henderson Group PLC now owns 173,770 shares of the bank’s stock valued at $16,746,000 after buying an additional 58,713 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in HDFC Bank in the 3rd quarter valued at $897,000. Oppenheimer Asset Management Inc. increased its stake in HDFC Bank by 8.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 37,583 shares of the bank’s stock valued at $3,621,000 after buying an additional 3,032 shares during the last quarter. Finally, Glovista Investments LLC increased its stake in HDFC Bank by 182.2% in the 3rd quarter. Glovista Investments LLC now owns 70,497 shares of the bank’s stock valued at $6,794,000 after buying an additional 45,517 shares during the last quarter. 17.53% of the stock is currently owned by institutional investors.

Shares of HDFC Bank Limited (NYSE:HDB) opened at $95.60 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.91 and a quick ratio of 0.91. HDFC Bank Limited has a 52 week low of $59.00 and a 52 week high of $100.26. The stock has a market cap of $81,659.80, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 1.09 and a beta of 0.85.

Separately, Zacks Investment Research lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. HDFC Bank currently has a consensus rating of “Buy” and an average price target of $110.00.

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

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