BB&T Securities LLC Has $2.09 Million Position in HDFC Bank Limited (HDB)
BB&T Securities LLC lifted its holdings in HDFC Bank Limited (NYSE:HDB) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,662 shares of the bank’s stock after buying an additional 687 shares during the quarter. BB&T Securities LLC’s holdings in HDFC Bank were worth $2,087,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of HDB. Commonwealth Bank of Australia raised its holdings in HDFC Bank by 1.2% during the third quarter. Commonwealth Bank of Australia now owns 1,806,947 shares of the bank’s stock worth $174,131,000 after purchasing an additional 21,321 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in HDFC Bank by 46.3% during the third quarter. Jupiter Asset Management Ltd. now owns 193,900 shares of the bank’s stock worth $18,686,000 after purchasing an additional 61,400 shares during the last quarter. Charles Lim Capital Ltd raised its holdings in HDFC Bank by 24.6% during the third quarter. Charles Lim Capital Ltd now owns 1,460,261 shares of the bank’s stock worth $140,725,000 after purchasing an additional 288,622 shares during the last quarter. Jacobson & Schmitt Advisors LLC acquired a new position in HDFC Bank during the third quarter worth $3,247,000. Finally, Nordea Investment Management AB raised its holdings in shares of HDFC Bank by 20.4% in the third quarter. Nordea Investment Management AB now owns 26,159 shares of the bank’s stock worth $2,521,000 after acquiring an additional 4,430 shares during the last quarter. Hedge funds and other institutional investors own 17.53% of the company’s stock.
Separately, Zacks Investment Research cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $110.00.
HDFC Bank Limited (NYSE HDB) traded down $0.02 during midday trading on Wednesday, hitting $94.19. The stock had a trading volume of 347,100 shares, compared to its average volume of 710,099. HDFC Bank Limited has a 12 month low of $59.00 and a 12 month high of $100.26. The firm has a market capitalization of $80,472.48, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.07 and a beta of 0.85. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.91 and a current ratio of 0.91.
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HDFC Bank 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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