Jacobson & Schmitt Advisors LLC Has $9.93 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Jacobson & Schmitt Advisors LLC increased its stake in HDFC Bank Limited (NYSE:HDB) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,692 shares of the bank’s stock after buying an additional 7,388 shares during the quarter. HDFC Bank makes up 2.0% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 25th biggest position. Jacobson & Schmitt Advisors LLC’s holdings in HDFC Bank were worth $9,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HDB. Capital World Investors boosted its holdings in shares of HDFC Bank by 208.6% in the 1st quarter. Capital World Investors now owns 4,124,751 shares of the bank’s stock valued at $230,862,000 after buying an additional 2,788,197 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of HDFC Bank in the 2nd quarter valued at approximately $166,709,000. PineStone Asset Management Inc. boosted its holdings in shares of HDFC Bank by 115.1% in the 2nd quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank’s stock valued at $287,488,000 after buying an additional 2,391,343 shares during the last quarter. CCLA Investment Management raised its stake in HDFC Bank by 100,691.5% in the 1st quarter. CCLA Investment Management now owns 1,748,733 shares of the bank’s stock valued at $97,534,000 after acquiring an additional 1,746,998 shares during the period. Finally, Sustainable Growth Advisers LP raised its stake in HDFC Bank by 24.1% in the 1st quarter. Sustainable Growth Advisers LP now owns 8,824,089 shares of the bank’s stock valued at $493,884,000 after acquiring an additional 1,711,784 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Down 1.8 %

HDB opened at $63.04 on Friday. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44. The stock’s fifty day simple moving average is $62.41 and its 200 day simple moving average is $60.56. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock has a market cap of $159.64 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.68 and a beta of 0.92.

Wall Street Analysts Forecast Growth

HDB has been the topic of a number of research analyst reports. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd.

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.