HDFC Bank Ltd. (HDB) Shares Gap Up to $65.55
HDFC Bank Ltd. (NYSE:HDB) gapped up before the market opened on Thursday . The stock had previously closed at $65.48, but opened at $65.55. HDFC Bank shares last traded at $65.93, with a volume of 382,813 shares.
Separately, Zacks Investment Research upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 28th.
The firm has a 50 day moving average of $65.22 and a 200-day moving average of $60.75. The stock has a market capitalization of $340.50 billion and a P/E ratio of 180.78.
The company also recently disclosed a dividend, which was paid on Wednesday, June 29th. Investors of record on Wednesday, June 29th were paid a dividend of $0.403 per share. The ex-dividend date was Monday, June 27th.
A number of institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can purchased a new position in shares of HDFC Bank during the fourth quarter valued at approximately $1,791,000. Comerica Bank boosted its position in shares of HDFC Bank by 14.4% in the fourth quarter. Comerica Bank now owns 83,740 shares of the company’s stock valued at $4,898,000 after buying an additional 10,556 shares in the last quarter. Todd Asset Management LLC boosted its position in shares of HDFC Bank by 0.5% in the fourth quarter. Todd Asset Management LLC now owns 232,517 shares of the company’s stock valued at $14,323,000 after buying an additional 1,260 shares in the last quarter. GAM Holding AG boosted its position in shares of HDFC Bank by 157.1% in the fourth quarter. GAM Holding AG now owns 57,600 shares of the company’s stock valued at $3,548,000 after buying an additional 35,200 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of HDFC Bank by 6.7% in the fourth quarter. Morgan Stanley now owns 1,633,279 shares of the company’s stock valued at $100,611,000 after buying an additional 102,555 shares in the last quarter.
HDFC Bank Limited (HDFC Bank) is a banking company. The Bank is engaged in providing a range of banking and financial services including commercial banking and treasury operations. It operates in four segments: Treasury, Retail Banking, Wholesale banking and other banking business. The treasury segment primarily consists of net interest earnings from the Bank’s investment portfolio, money market borrowing and lending, gains or losses on investment operations.
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