HDFC Bank Limited (HDB) Shares Bought by Vontobel Asset Management Inc.

Vontobel Asset Management Inc. grew its position in shares of HDFC Bank Limited (NYSE:HDB) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,140,936 shares of the bank’s stock after purchasing an additional 11,330 shares during the period. HDFC Bank comprises about 1.7% of Vontobel Asset Management Inc.’s holdings, making the stock its 23rd largest holding. Vontobel Asset Management Inc. owned approximately 0.25% of HDFC Bank worth $239,025,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new stake in HDFC Bank during the second quarter worth about $217,000. Park Avenue Securities LLC bought a new stake in HDFC Bank during the third quarter worth about $224,000. Veritable L.P. bought a new stake in HDFC Bank during the second quarter worth about $226,000. First Allied Advisory Services Inc. bought a new stake in HDFC Bank during the second quarter worth about $226,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in HDFC Bank during the second quarter worth about $272,000. 17.36% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Limited (NYSE HDB) traded up $1.08 during midday trading on Tuesday, hitting $102.43. The stock had a trading volume of 434,300 shares, compared to its average volume of 535,078. HDFC Bank Limited has a 12 month low of $63.37 and a 12 month high of $102.77. The company has a market cap of $78,320.00, a price-to-earnings ratio of 83.96, a PEG ratio of 1.16 and a beta of 0.84.

Separately, Zacks Investment Research raised HDFC Bank from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Thursday, September 21st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $114.00.

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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.

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

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