AEGON ASSET MANAGEMENT UK Plc lowered its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 11.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 213,969 shares of the bank's stock after selling 26,740 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in HDFC Bank were worth $13,379,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of HDB. Ridgewood Investments LLC bought a new stake in shares of HDFC Bank in the 2nd quarter worth about $36,000. Northwest Investment Counselors LLC bought a new stake in HDFC Bank in the third quarter valued at about $38,000. JFS Wealth Advisors LLC raised its stake in HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after buying an additional 275 shares in the last quarter. LRI Investments LLC bought a new position in HDFC Bank during the 1st quarter worth approximately $56,000. Finally, GAMMA Investing LLC grew its position in shares of HDFC Bank by 56.0% in the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock worth $58,000 after acquiring an additional 324 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on HDB. StockNews.com upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research note on Friday. JPMorgan Chase & Co. lowered shares of HDFC Bank from an "overweight" rating to a "neutral" rating in a report on Monday, July 22nd.
Check Out Our Latest Research Report on HDFC Bank
HDFC Bank Stock Performance
HDB stock traded up $0.34 during midday trading on Friday, reaching $64.09. The company had a trading volume of 1,557,655 shares, compared to its average volume of 1,959,655. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock has a 50 day moving average price of $62.73 and a 200 day moving average price of $60.82. The firm has a market capitalization of $162.30 billion, a PE ratio of 19.48, a P/E/G ratio of 1.69 and a beta of 0.91. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $67.44.
HDFC Bank Company Profile
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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.
Further Reading
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