Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its holdings in HDFC Bank Limited (NYSE:HDB – Free Report) by 34.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,941 shares of the bank’s stock after selling 2,560 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in HDFC Bank were worth $292,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd increased its position in shares of HDFC Bank by 33.2% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,895 shares of the bank’s stock worth $171,000 after acquiring an additional 721 shares during the period. Segantii Capital Management Ltd acquired a new position in HDFC Bank in the third quarter valued at $37,376,000. Schechter Investment Advisors LLC boosted its stake in HDFC Bank by 9.9% in the third quarter. Schechter Investment Advisors LLC now owns 11,653 shares of the bank’s stock valued at $688,000 after acquiring an additional 1,050 shares in the last quarter. Capital Wealth Planning LLC boosted its stake in HDFC Bank by 25.1% in the third quarter. Capital Wealth Planning LLC now owns 10,534 shares of the bank’s stock valued at $622,000 after acquiring an additional 2,113 shares in the last quarter. Finally, Mondrian Investment Partners LTD boosted its stake in HDFC Bank by 17.6% in the third quarter. Mondrian Investment Partners LTD now owns 474,827 shares of the bank’s stock valued at $28,020,000 after acquiring an additional 71,043 shares in the last quarter. 17.24% of the stock is currently owned by institutional investors and hedge funds.
HDFC Bank Price Performance
Shares of HDB opened at $55.65 on Thursday. HDFC Bank Limited has a fifty-two week low of $53.47 and a fifty-two week high of $71.39. The company has a market capitalization of $103.50 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89. The firm has a 50-day simple moving average of $62.18 and a 200-day simple moving average of $61.61. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.52.
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HDFC Bank 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.
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