World Asset Management Inc trimmed its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 40.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,021 shares of the bank’s stock after selling 8,873 shares during the quarter. World Asset Management Inc’s holdings in HDFC Bank were worth $1,349,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in HDB. Moody National Bank Trust Division bought a new stake in HDFC Bank during the fourth quarter valued at approximately $39,000. We Are One Seven LLC bought a new position in shares of HDFC Bank in the fourth quarter worth approximately $50,000. Navellier & Associates Inc bought a new position in shares of HDFC Bank in the fourth quarter worth approximately $90,000. Mondrian Investment Partners LTD boosted its position in shares of HDFC Bank by 54.8% in the fourth quarter. Mondrian Investment Partners LTD now owns 1,319 shares of the bank’s stock worth $137,000 after purchasing an additional 467 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of HDFC Bank by 900.0% in the third quarter. Daiwa Securities Group Inc. now owns 1,500 shares of the bank’s stock worth $141,000 after purchasing an additional 1,350 shares during the period. Institutional investors own 18.84% of the company’s stock.
Shares of NYSE:HDB opened at $100.29 on Monday. HDFC Bank Limited has a fifty-two week low of $85.43 and a fifty-two week high of $112.10. The firm has a market cap of $86.38 billion, a P/E ratio of 32.25, a P/E/G ratio of 1.22 and a beta of 0.60.
A number of research firms have weighed in on HDB. Zacks Investment Research upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. TheStreet upgraded shares of HDFC Bank from a “c+” rating to a “b-” rating in a research report on Monday, December 31st.
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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