Fisher Asset Management LLC Has $586,599,000 Position in HDFC Bank Ltd. (HDB)
Fisher Asset Management LLC decreased its position in shares of HDFC Bank Ltd. (NYSE:HDB) by 0.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 8,159,674 shares of the company’s stock after selling 58,910 shares during the period. HDFC Bank comprises 1.0% of Fisher Asset Management LLC’s investment portfolio, making the stock its 29th largest position. Fisher Asset Management LLC owned about 0.16% of HDFC Bank worth $586,599,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flow Traders U.S. LLC purchased a new position in HDFC Bank during the second quarter worth $100,000. Pinkerton Retirement Specialists LLC bought a new stake in shares of HDFC Bank during the second quarter worth about $129,000. Creative Planning raised its stake in shares of HDFC Bank by 226.4% in the second quarter. Creative Planning now owns 2,125 shares of the company’s stock worth $141,000 after buying an additional 1,474 shares in the last quarter. US Bancorp DE raised its stake in shares of HDFC Bank by 10.2% in the second quarter. US Bancorp DE now owns 3,017 shares of the company’s stock worth $200,000 after buying an additional 280 shares in the last quarter. Finally, Trillium Asset Management LLC bought a new stake in shares of HDFC Bank during the second quarter worth about $211,000. Institutional investors and hedge funds own 17.68% of the company’s stock.
Shares of HDFC Bank Ltd. (NYSE:HDB) traded down 3.21% during mid-day trading on Monday, hitting $62.50. 1,574,156 shares of the stock were exchanged. HDFC Bank Ltd. has a 12 month low of $51.11 and a 12 month high of $74.04. The stock has a market cap of $316.02 billion, a price-to-earnings ratio of 167.34 and a beta of 1.32. The company has a 50-day moving average price of $70.67 and a 200-day moving average price of $68.66.
Separately, Goldman Sachs Group Inc. raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 2nd.
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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