River & Mercantile Asset Management LLP raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 468.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,419 shares of the bank’s stock after purchasing an additional 34,139 shares during the period. River & Mercantile Asset Management LLP’s holdings in HDFC Bank were worth $4,213,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Creative Planning bought a new stake in HDFC Bank during the fourth quarter valued at $203,000. Advisor Partners LLC bought a new stake in HDFC Bank during the fourth quarter valued at $216,000. CIBC World Markets Inc. bought a new stake in HDFC Bank during the fourth quarter valued at $212,000. Park Avenue Securities LLC bought a new stake in HDFC Bank during the third quarter valued at $224,000. Finally, Dimensional Fund Advisors LP bought a new stake in HDFC Bank during the second quarter valued at $217,000. Hedge funds and other institutional investors own 17.44% of the company’s stock.
Separately, Zacks Investment Research lowered shares of HDFC Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th.
HDFC Bank Limited (NYSE:HDB) opened at $101.44 on Tuesday. HDFC Bank Limited has a 1-year low of $68.89 and a 1-year high of $110.77. The stock has a market cap of $84,786.11, a price-to-earnings ratio of 37.32, a PEG ratio of 1.12 and a beta of 0.91.
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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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