State of New Jersey Common Pension Fund D Acquires 315,036 Shares of HDFC Bank Limited (NYSE:HDB)

State of New Jersey Common Pension Fund D lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 25.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,550,276 shares of the bank’s stock after acquiring an additional 315,036 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.08% of HDFC Bank worth $104,039,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Baillie Gifford & Co. raised its stake in HDFC Bank by 183.8% in the 3rd quarter. Baillie Gifford & Co. now owns 9,560,478 shares of the bank’s stock valued at $564,164,000 after acquiring an additional 6,191,548 shares during the period. Hardman Johnston Global Advisors LLC grew its holdings in HDFC Bank by 832.6% in the 4th quarter. Hardman Johnston Global Advisors LLC now owns 2,032,170 shares of the bank’s stock valued at $136,379,000 after buying an additional 1,814,263 shares in the last quarter. Aikya Investment Management Ltd acquired a new position in HDFC Bank in the 4th quarter valued at $77,036,000. Wellington Management Group LLP grew its holdings in shares of HDFC Bank by 51.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,457,211 shares of the bank’s stock worth $145,000,000 after purchasing an additional 836,449 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in shares of HDFC Bank by 57.8% during the 3rd quarter. Royal London Asset Management Ltd. now owns 2,002,576 shares of the bank’s stock worth $118,192,000 after purchasing an additional 733,492 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Monday.

HDFC Bank Trading Up 0.0 %

Shares of HDB traded up $0.01 during mid-day trading on Friday, reaching $58.34. 1,434,119 shares of the company were exchanged, compared to its average volume of 3,553,626. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $71.39. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.40. The stock has a market capitalization of $108.51 billion, a PE ratio of 17.90, a PEG ratio of 1.09 and a beta of 0.87. The business has a 50 day simple moving average of $56.10 and a two-hundred day simple moving average of $58.57.

HDFC Bank Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.