LPL Financial LLC grew its stake in shares of HDFC Bank Limited (NYSE:HDB – Get Rating) by 9.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 25,504 shares of the bank’s stock after acquiring an additional 2,301 shares during the quarter. LPL Financial LLC’s holdings in HDFC Bank were worth $1,745,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Penserra Capital Management LLC bought a new stake in shares of HDFC Bank during the 3rd quarter valued at $35,000. PenderFund Capital Management Ltd. bought a new stake in shares of HDFC Bank during the 3rd quarter valued at $55,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of HDFC Bank during the 4th quarter valued at $47,000. Signaturefd LLC lifted its position in shares of HDFC Bank by 1,735.0% during the 3rd quarter. Signaturefd LLC now owns 734 shares of the bank’s stock valued at $43,000 after acquiring an additional 694 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of HDFC Bank by 94.3% during the 3rd quarter. IFP Advisors Inc now owns 1,090 shares of the bank’s stock worth $64,000 after buying an additional 529 shares in the last quarter. 17.50% of the stock is currently owned by institutional investors.
HDFC Bank Price Performance
Shares of HDB opened at $65.34 on Wednesday. HDFC Bank Limited has a 12-month low of $51.04 and a 12-month high of $71.76. The business has a 50-day simple moving average of $67.31 and a two-hundred day simple moving average of $67.66. The company has a quick ratio of 0.36, a current ratio of 0.32 and a debt-to-equity ratio of 0.79. The stock has a market cap of $120.78 billion, a PE ratio of 21.35, a PEG ratio of 0.98 and a beta of 0.75.
HDFC Bank Increases Dividend
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on HDFC Bank in a report on Thursday, May 18th. They set a “hold” rating for the company.
HDFC Bank Company Profile
HDFC Bank Ltd. engages in the provision of banking and financial services, including commercial banking and treasury operations. The firm also provides financial services to upper and middle income individuals and corporations in India. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking and Other Banking Operations.
- Get a free copy of the StockNews.com research report on HDFC Bank (HDB)
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