HDFC Bank Limited (HDB) Holdings Cut by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 16.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,176 shares of the bank’s stock after selling 7,108 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in HDFC Bank were worth $3,486,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. First Interstate Bank acquired a new stake in shares of HDFC Bank in the second quarter worth $103,000. Parallel Advisors LLC increased its stake in shares of HDFC Bank by 14.8% in the second quarter. Parallel Advisors LLC now owns 1,469 shares of the bank’s stock worth $142,000 after acquiring an additional 189 shares during the period. Huntington National Bank increased its stake in shares of HDFC Bank by 4.9% in the second quarter. Huntington National Bank now owns 1,730 shares of the bank’s stock worth $150,000 after acquiring an additional 81 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of HDFC Bank in the second quarter worth $156,000. Finally, Creative Planning increased its stake in shares of HDFC Bank by 7.1% in the second quarter. Creative Planning now owns 1,821 shares of the bank’s stock worth $158,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 26.38% of the company’s stock.
Separately, Zacks Investment Research lowered shares of HDFC Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $110.00.
HDFC Bank Limited (HDB) traded up $0.27 during trading hours on Wednesday, hitting $98.05. 408,700 shares of the stock were exchanged, compared to its average volume of 714,231. The firm has a market capitalization of $84,077.13, a price-to-earnings ratio of 37.00, a P/E/G ratio of 1.12 and a beta of 0.83. HDFC Bank Limited has a 1 year low of $59.00 and a 1 year high of $100.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.91 and a quick ratio of 0.91.
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HDFC Bank 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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