HDFC Bank Limited (NYSE:HDB) Position Boosted by Channing Global Advisors LLC

Channing Global Advisors LLC raised its stake in shares of HDFC Bank Limited (NYSE:HDB) by 51.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 175,371 shares of the bank’s stock after purchasing an additional 59,661 shares during the quarter. HDFC Bank comprises 9.2% of Channing Global Advisors LLC’s portfolio, making the stock its 3rd largest position. Channing Global Advisors LLC’s holdings in HDFC Bank were worth $11,769,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in HDFC Bank during the 3rd quarter valued at $27,000. GAMMA Investing LLC acquired a new stake in HDFC Bank during the 4th quarter valued at $33,000. NBC Securities Inc. acquired a new stake in HDFC Bank during the 3rd quarter valued at $29,000. Parkside Financial Bank & Trust grew its holdings in HDFC Bank by 89.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 615 shares of the bank’s stock valued at $41,000 after purchasing an additional 291 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its holdings in HDFC Bank by 36.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDFC Bank stock traded down $0.02 during trading hours on Friday, reaching $58.31. The company’s stock had a trading volume of 672,387 shares, compared to its average volume of 3,544,089. The company’s 50 day simple moving average is $56.10 and its 200 day simple moving average is $58.57. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.40. HDFC Bank Limited has a one year low of $52.16 and a one year high of $71.39. The stock has a market cap of $108.45 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.09 and a beta of 0.87.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Monday.

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.