Capital International Sarl Has $1.42 Million Stake in HDFC Bank Limited $HDB

Capital International Sarl increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 111.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,648 shares of the bank’s stock after purchasing an additional 21,964 shares during the quarter. Capital International Sarl’s holdings in HDFC Bank were worth $1,423,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HDB. Assetmark Inc. increased its stake in HDFC Bank by 358.4% in the 2nd quarter. Assetmark Inc. now owns 706 shares of the bank’s stock valued at $54,000 after buying an additional 552 shares during the period. Central Pacific Bank Trust Division boosted its stake in shares of HDFC Bank by 100.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after buying an additional 379 shares during the period. Clearstead Advisors LLC grew its holdings in shares of HDFC Bank by 476.8% during the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after acquiring an additional 739 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of HDFC Bank by 54.5% in the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after acquiring an additional 322 shares during the last quarter. Finally, Accent Capital Management LLC increased its stake in shares of HDFC Bank by 100.0% in the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock worth $31,000 after acquiring an additional 459 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on HDB. Weiss Ratings cut HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, HDFC Bank currently has an average rating of “Reduce”.

HDFC Bank Stock Down 0.9%

NYSE HDB opened at $29.46 on Wednesday. The stock has a market capitalization of $150.30 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56. HDFC Bank Limited has a 12-month low of $28.65 and a 12-month high of $39.81. The company has a 50 day moving average price of $32.76 and a two-hundred day moving average price of $34.70.

About HDFC Bank

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).