US Bancorp DE Buys 67,013 Shares of HDFC Bank Limited $HDB

US Bancorp DE lifted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 45.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 213,874 shares of the bank’s stock after buying an additional 67,013 shares during the period. US Bancorp DE’s holdings in HDFC Bank were worth $7,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HDB. JFS Wealth Advisors LLC boosted its holdings in HDFC Bank by 100.0% during the 3rd quarter. JFS Wealth Advisors LLC now owns 2,144 shares of the bank’s stock worth $73,000 after acquiring an additional 1,072 shares during the last quarter. TD Asset Management Inc lifted its position in shares of HDFC Bank by 105.4% during the third quarter. TD Asset Management Inc now owns 26,440 shares of the bank’s stock valued at $903,000 after purchasing an additional 13,569 shares in the last quarter. Jacobson & Schmitt Advisors LLC lifted its position in shares of HDFC Bank by 97.7% during the third quarter. Jacobson & Schmitt Advisors LLC now owns 383,137 shares of the bank’s stock valued at $13,088,000 after purchasing an additional 189,303 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in HDFC Bank by 100.6% during the third quarter. Thoroughbred Financial Services LLC now owns 8,530 shares of the bank’s stock worth $291,000 after purchasing an additional 4,277 shares during the last quarter. Finally, Compound Planning Inc. grew its position in HDFC Bank by 121.5% in the 3rd quarter. Compound Planning Inc. now owns 55,055 shares of the bank’s stock worth $1,881,000 after purchasing an additional 30,198 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on HDB. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings raised HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $31.82 on Monday. The stock has a market capitalization of $162.31 billion, a PE ratio of 19.11, a P/E/G ratio of 1.33 and a beta of 0.56. HDFC Bank Limited has a one year low of $29.23 and a one year high of $39.81. The business’s fifty day moving average price is $33.61 and its 200-day moving average price is $35.05.

HDFC Bank Company Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).