Mirae Asset Global Investments Co. Ltd. boosted its stake in HDFC Bank Limited (NYSE:HDB) by 133.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,069 shares of the bank’s stock after purchasing an additional 24,588 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in HDFC Bank were worth $4,053,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. First Mercantile Trust Co. grew its holdings in HDFC Bank by 5.6% in the third quarter. First Mercantile Trust Co. now owns 11,060 shares of the bank’s stock worth $1,041,000 after purchasing an additional 585 shares during the period. Dubuque Bank & Trust Co. grew its holdings in HDFC Bank by 2.9% in the third quarter. Dubuque Bank & Trust Co. now owns 21,208 shares of the bank’s stock worth $1,995,000 after purchasing an additional 600 shares during the period. Deltec Asset Management LLC grew its holdings in HDFC Bank by 1.4% in the second quarter. Deltec Asset Management LLC now owns 52,034 shares of the bank’s stock worth $5,465,000 after purchasing an additional 708 shares during the period. EFG Asset Management Americas Corp. grew its holdings in HDFC Bank by 23.3% in the third quarter. EFG Asset Management Americas Corp. now owns 4,089 shares of the bank’s stock worth $385,000 after purchasing an additional 772 shares during the period. Finally, Lenox Wealth Management Inc. grew its holdings in HDFC Bank by 1.9% in the third quarter. Lenox Wealth Management Inc. now owns 51,272 shares of the bank’s stock worth $4,825,000 after purchasing an additional 938 shares during the period. Institutional investors and hedge funds own 18.84% of the company’s stock.
HDB has been the subject of a number of research reports. Zacks Investment Research upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.
HDFC Bank stock opened at $100.46 on Friday. HDFC Bank Limited has a 1-year low of $85.43 and a 1-year high of $112.10. The firm has a market capitalization of $87.74 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.96 and a current ratio of 0.96.
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HDFC Bank Company Profile
HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.
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