Fox Run Management L.L.C. acquired a new position in HDFC Bank Limited (NYSE:HDB) during the second quarter, according to its most recent filing with the SEC. The firm acquired 5,000 shares of the bank’s stock, valued at approximately $435,000.
A number of other institutional investors have also recently bought and sold shares of the company. Wetherby Asset Management Inc. raised its stake in shares of HDFC Bank Limited by 3.0% in the first quarter. Wetherby Asset Management Inc. now owns 6,134 shares of the bank’s stock worth $461,000 after buying an additional 178 shares during the period. Creative Planning raised its stake in shares of HDFC Bank Limited by 6.3% in the first quarter. Creative Planning now owns 1,700 shares of the bank’s stock worth $128,000 after buying an additional 100 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of HDFC Bank Limited during the fourth quarter worth about $896,000. UBS Asset Management Americas Inc. raised its stake in shares of HDFC Bank Limited by 0.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 301,554 shares of the bank’s stock worth $18,298,000 after buying an additional 2,800 shares during the period. Finally, Johnston Asset Management LLC raised its stake in shares of HDFC Bank Limited by 16.0% in the first quarter. Johnston Asset Management LLC now owns 2,125,159 shares of the bank’s stock worth $159,855,000 after buying an additional 293,127 shares during the period. 18.63% of the stock is owned by hedge funds and other institutional investors.
Shares of HDFC Bank Limited (NYSE HDB) opened at 90.84 on Monday. HDFC Bank Limited has a 1-year low of $59.00 and a 1-year high of $91.12. The firm has a market cap of $463.22 billion, a price-to-earnings ratio of 198.99 and a beta of 0.85. The company has a 50 day moving average of $86.98 and a 200 day moving average of $75.03.
The business also recently disclosed an annual dividend, which was paid on Thursday, June 29th. Stockholders of record on Thursday, June 29th were given a dividend of $0.493 per share. The ex-dividend date of this dividend was Tuesday, June 27th.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of HDFC Bank Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub lowered shares of HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Finally, Morgan Stanley lowered shares of HDFC Bank Limited from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $100.00.
HDFC Bank Limited Company Profile
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.
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