Greenleaf Trust bought a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,965 shares of the bank's stock, valued at approximately $686,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in HDFC Bank by 5.4% during the second quarter. UMB Bank n.a. now owns 4,831 shares of the bank's stock worth $311,000 after buying an additional 248 shares during the period. Endowment Wealth Management Inc. boosted its stake in shares of HDFC Bank by 6.5% during the first quarter. Endowment Wealth Management Inc. now owns 4,438 shares of the bank's stock valued at $248,000 after purchasing an additional 272 shares during the period. GAMMA Investing LLC boosted its stake in shares of HDFC Bank by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank's stock valued at $76,000 after purchasing an additional 312 shares during the period. Mount Yale Investment Advisors LLC boosted its stake in shares of HDFC Bank by 5.6% during the second quarter. Mount Yale Investment Advisors LLC now owns 6,114 shares of the bank's stock valued at $393,000 after purchasing an additional 322 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of HDFC Bank by 10.8% during the first quarter. Toronto Dominion Bank now owns 3,328 shares of the bank's stock valued at $186,000 after purchasing an additional 325 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on HDB. JPMorgan Chase & Co. lowered shares of HDFC Bank from an "overweight" rating to a "neutral" rating in a research note on Monday, July 22nd. StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a report on Saturday, October 12th.
Check Out Our Latest Stock Analysis on HDB
HDFC Bank Stock Down 0.9 %
Shares of HDB traded down $0.59 during mid-day trading on Friday, hitting $63.65. 1,047,775 shares of the company traded hands, compared to its average volume of 3,159,023. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $161.18 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. The business has a 50 day moving average of $62.10 and a 200 day moving average of $60.39.
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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