HDFC Bank Limited (NYSE:HDB) Shares Purchased by Pictet Asset Management SA

Pictet Asset Management SA increased its position in shares of HDFC Bank Limited (NYSE:HDBGet Rating) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 24,283 shares of the bank’s stock after acquiring an additional 1,695 shares during the quarter. Pictet Asset Management SA’s holdings in HDFC Bank were worth $1,335,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HDB. Brinker Capital Investments LLC boosted its holdings in shares of HDFC Bank by 14.0% in the 2nd quarter. Brinker Capital Investments LLC now owns 92,798 shares of the bank’s stock valued at $5,100,000 after purchasing an additional 11,407 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in HDFC Bank by 5.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 37,825 shares of the bank’s stock worth $2,353,000 after buying an additional 1,882 shares during the period. Harbour Capital Advisors LLC increased its stake in HDFC Bank by 20.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 5,509 shares of the bank’s stock worth $303,000 after buying an additional 940 shares during the period. Segantii Capital Management Ltd purchased a new stake in HDFC Bank during the 2nd quarter worth $1,556,000. Finally, Calamos Advisors LLC increased its stake in HDFC Bank by 1.0% during the 2nd quarter. Calamos Advisors LLC now owns 154,176 shares of the bank’s stock worth $8,474,000 after buying an additional 1,502 shares during the period. Institutional investors and hedge funds own 17.59% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of HDFC Bank in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.

HDFC Bank Stock Performance

HDFC Bank stock opened at $68.00 on Wednesday. HDFC Bank Limited has a 12-month low of $50.61 and a 12-month high of $72.20. The company has a market capitalization of $125.70 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.35 and a quick ratio of 0.35. The firm’s fifty day moving average price is $62.16 and its 200 day moving average price is $59.94.

HDFC Bank Company Profile

(Get Rating)

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company 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, overdrafts against fixed deposits, and sweep-in facilities.

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

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