Schechter Investment Advisors LLC lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB – Free Report) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,732 shares of the bank’s stock after purchasing an additional 1,079 shares during the period. Schechter Investment Advisors LLC’s holdings in HDFC Bank were worth $854,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in HDB. Baillie Gifford & Co. boosted its position in shares of HDFC Bank by 183.8% during the 3rd quarter. Baillie Gifford & Co. now owns 9,560,478 shares of the bank’s stock valued at $564,164,000 after purchasing an additional 6,191,548 shares in the last quarter. PineStone Asset Management Inc. boosted its holdings in HDFC Bank by 363.2% in the third quarter. PineStone Asset Management Inc. now owns 3,139,056 shares of the bank’s stock worth $185,236,000 after acquiring an additional 2,461,325 shares in the last quarter. BlackRock Inc. boosted its holdings in HDFC Bank by 57.1% in the first quarter. BlackRock Inc. now owns 4,838,182 shares of the bank’s stock worth $296,725,000 after acquiring an additional 1,757,638 shares in the last quarter. Aikya Investment Management Ltd bought a new position in HDFC Bank in the fourth quarter worth approximately $77,036,000. Finally, 1832 Asset Management L.P. boosted its holdings in HDFC Bank by 1,052.1% in the first quarter. 1832 Asset Management L.P. now owns 1,024,372 shares of the bank’s stock worth $68,295,000 after acquiring an additional 935,455 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.
HDFC Bank Stock Up 2.0 %
Shares of NYSE:HDB opened at $55.64 on Thursday. The business’s 50 day simple moving average is $54.98 and its two-hundred day simple moving average is $59.05. The firm has a market cap of $103.49 billion, a P/E ratio of 17.17, a PEG ratio of 1.41 and a beta of 0.87. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.52. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $71.39.
HDFC Bank Company Profile
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.
Featured Stories
- Five stocks we like better than HDFC Bank
- How to buy stock: A step-by-step guide for beginners
- Best Bear Market Funds: Top 3 Investment Options to Consider
- The 3 Best Fintech Stocks to Buy Now
- Is DraftKings A Good Bet Ahead of Q1 Earnings?
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Mid-Cap Stocks to Outperform the Market This Cycle
Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter.