HDFC Bank Limited (HDB) Holdings Lifted by ClariVest Asset Management LLC
ClariVest Asset Management LLC increased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,990 shares of the bank’s stock after acquiring an additional 6,200 shares during the quarter. ClariVest Asset Management LLC’s holdings in HDFC Bank Limited were worth $16,093,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Caldwell & Orkin Inc. grew its holdings in HDFC Bank Limited by 68.2% in the 3rd quarter. Caldwell & Orkin Inc. now owns 28,375 shares of the bank’s stock valued at $2,734,000 after buying an additional 11,510 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in HDFC Bank Limited in the 3rd quarter valued at $2,841,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in HDFC Bank Limited by 71.9% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 246,530 shares of the bank’s stock valued at $23,758,000 after buying an additional 103,130 shares in the last quarter. Northcape Capital Pty Ltd grew its holdings in HDFC Bank Limited by 8.1% in the 3rd quarter. Northcape Capital Pty Ltd now owns 742,137 shares of the bank’s stock valued at $71,519,000 after buying an additional 55,429 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in HDFC Bank Limited by 12.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 27,526 shares of the bank’s stock valued at $2,646,000 after buying an additional 3,000 shares in the last quarter. 17.78% of the stock is currently owned by institutional investors and hedge funds.
HDFC Bank Limited (NYSE HDB) traded up $0.61 during trading hours on Friday, hitting $94.53. The stock had a trading volume of 382,800 shares, compared to its average volume of 724,337. The company has a market cap of $80,224.77, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 1.07 and a beta of 0.83. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.71. HDFC Bank Limited has a 1 year low of $59.00 and a 1 year high of $100.26.
A number of research analysts have commented on the company. Zacks Investment Research lowered HDFC Bank Limited from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Jefferies Group LLC raised HDFC Bank Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Morgan Stanley raised HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. HDFC Bank Limited currently has a consensus rating of “Buy” and an average price target of $110.00.
HDFC Bank Limited 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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