HDFC Bank Limited (NYSE:HDB) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC lowered its position in shares of HDFC Bank Limited (NYSE:HDB) by 15.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,448 shares of the bank’s stock after selling 36,472 shares during the period. Todd Asset Management LLC’s holdings in HDFC Bank were worth $25,156,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. American Beacon Advisors Inc. grew its stake in shares of HDFC Bank by 67.8% during the first quarter. American Beacon Advisors Inc. now owns 292 shares of the bank’s stock worth $34,000 after purchasing an additional 118 shares in the last quarter. Nkcfo LLC acquired a new position in shares of HDFC Bank during the second quarter worth $39,000. Manchester Financial Inc. acquired a new position in shares of HDFC Bank during the second quarter worth $51,000. Advisors Preferred LLC acquired a new position in shares of HDFC Bank during the second quarter worth $53,000. Finally, West Oak Capital LLC acquired a new position in shares of HDFC Bank during the second quarter worth $72,000. Hedge funds and other institutional investors own 19.26% of the company’s stock.

NYSE HDB traded up $0.78 during trading hours on Friday, hitting $106.14. The company had a trading volume of 2,268,174 shares, compared to its average volume of 800,726. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 0.96. HDFC Bank Limited has a 1-year low of $85.43 and a 1-year high of $131.78. The company has a market cap of $94.19 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 1.20 and a beta of 0.43. The business has a 50 day moving average of $117.22 and a 200-day moving average of $115.68.

HDB has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Tuesday. Nomura downgraded shares of HDFC Bank from a “buy” rating to a “neutral” rating and set a $128.63 target price for the company. in a research note on Tuesday, June 11th.

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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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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