Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $713,000 Position in HDFC Bank Limited (NYSE:HDB)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. trimmed its holdings in HDFC Bank Limited (NYSE:HDB – Get Rating) by 19.5% in the 3rd quarter, Holdings Channel reports. The fund owned 12,201 shares of the bank’s stock after selling 2,956 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in HDFC Bank were worth $713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC grew its position in shares of HDFC Bank by 3.8% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 4,646 shares of the bank’s stock worth $271,000 after buying an additional 169 shares during the period. KB Financial Partners LLC lifted its holdings in HDFC Bank by 7.6% during the 1st quarter. KB Financial Partners LLC now owns 3,290 shares of the bank’s stock valued at $202,000 after purchasing an additional 232 shares during the last quarter. Financial Counselors Inc. lifted its holdings in HDFC Bank by 3.7% during the 2nd quarter. Financial Counselors Inc. now owns 6,942 shares of the bank’s stock worth $382,000 after purchasing an additional 245 shares during the last quarter. SeaBridge Investment Advisors LLC boosted its position in shares of HDFC Bank by 1.5% in the second quarter. SeaBridge Investment Advisors LLC now owns 17,427 shares of the bank’s stock valued at $958,000 after acquiring an additional 260 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of HDFC Bank by 130.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 711 shares of the bank’s stock valued at $42,000 after acquiring an additional 402 shares in the last quarter. 17.50% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Trading Up 1.5 %

Shares of NYSE:HDB opened at $70.49 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.35 and a quick ratio of 0.35. HDFC Bank Limited has a 1 year low of $50.61 and a 1 year high of $70.77. The company has a market capitalization of $130.30 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.25 and a beta of 0.80. The business’s 50 day simple moving average is $68.29 and its 200 day simple moving average is $63.82.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of HDFC Bank in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

HDFC Bank Company Profile

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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.