HDFC Bank Limited (NYSE:HDB) Stock Holdings Increased by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP increased its holdings in HDFC Bank Limited (NYSE:HDB) by 88.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,270 shares of the bank’s stock after purchasing an additional 81,485 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in HDFC Bank were worth $9,885,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its holdings in shares of HDFC Bank by 120.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,510,551 shares of the bank’s stock worth $143,226,000 after purchasing an additional 1,369,760 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of HDFC Bank by 104.7% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,356,270 shares of the bank’s stock worth $77,375,000 after purchasing an additional 693,728 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in shares of HDFC Bank by 145.7% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 4,054 shares of the bank’s stock worth $231,000 after purchasing an additional 2,404 shares in the last quarter. Zevin Asset Management LLC raised its holdings in shares of HDFC Bank by 108.9% in the 3rd quarter. Zevin Asset Management LLC now owns 85,918 shares of the bank’s stock worth $4,902,000 after purchasing an additional 44,798 shares in the last quarter. Finally, Lenox Wealth Management Inc. raised its holdings in shares of HDFC Bank by 90.2% in the 3rd quarter. Lenox Wealth Management Inc. now owns 81,383 shares of the bank’s stock worth $4,642,000 after purchasing an additional 38,591 shares in the last quarter. Institutional investors and hedge funds own 10.18% of the company’s stock.

Several research analysts have recently weighed in on HDB shares. Zacks Investment Research raised shares of HDFC Bank from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Friday, October 25th. ValuEngine downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Sanford C. Bernstein downgraded shares of HDFC Bank from an “outperform” rating to a “market perform” rating in a research report on Monday, September 9th. Finally, Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $97.32.

Shares of HDFC Bank stock traded up $0.04 during trading on Monday, hitting $61.85. The stock had a trading volume of 571,713 shares, compared to its average volume of 1,601,915. The stock has a 50 day simple moving average of $65.15 and a 200 day simple moving average of $104.74. The company has a market capitalization of $112.83 billion, a PE ratio of 37.26, a P/E/G ratio of 1.26 and a beta of 0.42. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. HDFC Bank Limited has a 1 year low of $44.33 and a 1 year high of $65.89.

About HDFC Bank

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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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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