Hardman Johnston Global Advisors LLC reduced its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,722,295 shares of the bank's stock after selling 94,967 shares during the period. HDFC Bank comprises about 6.7% of Hardman Johnston Global Advisors LLC's investment portfolio, making the stock its 3rd biggest position. Hardman Johnston Global Advisors LLC owned 0.15% of HDFC Bank worth $170,307,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new position in shares of HDFC Bank in the second quarter worth about $36,000. Northwest Investment Counselors LLC bought a new position in shares of HDFC Bank in the third quarter worth about $38,000. JFS Wealth Advisors LLC raised its stake in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after acquiring an additional 275 shares during the last quarter. LRI Investments LLC bought a new position in shares of HDFC Bank in the first quarter worth about $56,000. Finally, GAMMA Investing LLC raised its stake in shares of HDFC Bank by 56.0% in the second quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock worth $58,000 after acquiring an additional 324 shares during the last quarter. 17.61% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on HDB shares. StockNews.com downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Saturday, October 12th. JPMorgan Chase & Co. downgraded shares of HDFC Bank from an "overweight" rating to a "neutral" rating in a research note on Monday, July 22nd.
View Our Latest Report on HDB
HDFC Bank Trading Up 0.3 %
Shares of HDB traded up $0.22 on Wednesday, reaching $64.46. 1,068,447 shares of the company's stock were exchanged, compared to its average volume of 3,009,831. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $163.23 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 1.66 and a beta of 0.91. The business has a 50 day moving average price of $62.61 and a two-hundred day moving average price of $60.76. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.44.
About HDFC Bank
(
Free Report)
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.
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