Fieldpoint Private Securities LLC Buys New Position in HDFC Bank Limited (HDB)
Fieldpoint Private Securities LLC bought a new stake in shares of HDFC Bank Limited (NYSE:HDB) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,426 shares of the bank’s stock, valued at approximately $330,000.
A number of other large investors have also added to or reduced their stakes in the business. Financial Counselors Inc. grew its stake in HDFC Bank by 0.8% during the 2nd quarter. Financial Counselors Inc. now owns 5,791 shares of the bank’s stock valued at $504,000 after acquiring an additional 46 shares in the last quarter. Trillium Asset Management LLC grew its stake in HDFC Bank by 0.3% during the 2nd quarter. Trillium Asset Management LLC now owns 36,636 shares of the bank’s stock valued at $3,186,000 after acquiring an additional 115 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in HDFC Bank by 1.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 11,160 shares of the bank’s stock valued at $677,000 after acquiring an additional 124 shares in the last quarter. IFP Advisors Inc grew its stake in HDFC Bank by 7.0% during the 2nd quarter. IFP Advisors Inc now owns 2,072 shares of the bank’s stock valued at $180,000 after acquiring an additional 136 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in HDFC Bank by 14.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,469 shares of the bank’s stock valued at $142,000 after acquiring an additional 189 shares in the last quarter. 17.53% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. HDFC Bank has an average rating of “Buy” and a consensus price target of $110.00.
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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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