HDFC Bank Limited (HDB) Shares Bought by Menora Mivtachim Holdings LTD.

Menora Mivtachim Holdings LTD. boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 55.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 337,220 shares of the bank’s stock after acquiring an additional 120,000 shares during the quarter. Menora Mivtachim Holdings LTD.’s holdings in HDFC Bank were worth $31,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Dundas Partners LLP grew its holdings in HDFC Bank by 32.1% during the third quarter. Dundas Partners LLP now owns 168,495 shares of the bank’s stock valued at $18,435,000 after purchasing an additional 40,966 shares during the last quarter. Credit Suisse AG grew its holdings in HDFC Bank by 16.6% during the third quarter. Credit Suisse AG now owns 797,237 shares of the bank’s stock valued at $75,021,000 after purchasing an additional 113,540 shares during the last quarter. Schroder Investment Management Group grew its holdings in HDFC Bank by 0.6% during the third quarter. Schroder Investment Management Group now owns 3,806,810 shares of the bank’s stock valued at $358,221,000 after purchasing an additional 20,841 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in HDFC Bank during the third quarter valued at approximately $6,587,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in HDFC Bank by 6.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,199 shares of the bank’s stock valued at $3,312,000 after purchasing an additional 2,200 shares during the last quarter. 17.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HDB stock opened at $96.34 on Friday. HDFC Bank Limited has a 12 month low of $85.43 and a 12 month high of $112.10. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $82.98 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 1.17 and a beta of 0.88.

Several equities analysts have commented on HDB shares. ValuEngine downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research downgraded HDFC Bank from a “strong-buy” rating to a “sell” rating in a report on Wednesday, October 3rd.

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HDFC Bank Company Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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

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