Capital Bank & Trust Co trimmed its position in shares of HDFC Bank Limited (NYSE:HDB) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,046,763 shares of the bank’s stock after selling 27,605 shares during the period. Capital Bank & Trust Co’s holdings in HDFC Bank were worth $66,333,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in HDFC Bank by 4.8% in the fourth quarter. FMR LLC now owns 24,604,857 shares of the bank’s stock worth $1,559,210,000 after acquiring an additional 1,133,585 shares during the last quarter. Samlyn Capital LLC increased its position in shares of HDFC Bank by 76.8% in the 4th quarter. Samlyn Capital LLC now owns 2,598,466 shares of the bank’s stock valued at $164,664,000 after purchasing an additional 1,128,804 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of HDFC Bank by 12.0% in the 4th quarter. Fiera Capital Corp now owns 9,712,312 shares of the bank’s stock valued at $615,469,000 after purchasing an additional 1,043,430 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of HDFC Bank by 104.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,357,694 shares of the bank’s stock valued at $77,456,000 after purchasing an additional 694,316 shares in the last quarter. Finally, State Street Corp lifted its position in shares of HDFC Bank by 272.8% during the 3rd quarter. State Street Corp now owns 884,145 shares of the bank’s stock worth $50,440,000 after purchasing an additional 646,950 shares during the last quarter. Hedge funds and other institutional investors own 18.20% of the company’s stock.
A number of equities analysts recently commented on HDB shares. Zacks Investment Research downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Thursday, March 5th.
HDB stock traded up $3.23 during trading on Thursday, hitting $40.23. 177,091 shares of the company’s stock were exchanged, compared to its average volume of 4,752,953. The business has a 50-day moving average price of $52.01 and a two-hundred day moving average price of $63.16. The stock has a market capitalization of $72.11 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 0.81 and a beta of 0.47. HDFC Bank Limited has a 52-week low of $29.50 and a 52-week 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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