HDFC Bank Limited (HDB) Shares Sold by Sumitomo Life Insurance Co.
Sumitomo Life Insurance Co. reduced its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 18.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,080 shares of the bank’s stock after selling 700 shares during the period. Sumitomo Life Insurance Co.’s holdings in HDFC Bank were worth $357,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ruggie Capital Group purchased a new position in HDFC Bank during the 4th quarter valued at about $25,000. Lindbrook Capital LLC purchased a new position in HDFC Bank during the 4th quarter valued at about $26,000. Enlightenment Research LLC purchased a new position in HDFC Bank during the 4th quarter valued at about $31,000. Moody National Bank Trust Division purchased a new position in HDFC Bank during the 4th quarter valued at about $39,000. Finally, We Are One Seven LLC purchased a new position in HDFC Bank during the 4th quarter valued at about $50,000. 19.12% of the stock is owned by institutional investors.
Shares of HDFC Bank stock opened at $115.92 on Friday. The stock has a market capitalization of $99.85 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 1.10 and a beta of 0.60. HDFC Bank Limited has a 52-week low of $85.43 and a 52-week high of $116.25.
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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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