HDFC Bank Limited (NYSE:HDB) Holdings Raised by Pendal Group Ltd
Pendal Group Ltd grew its stake in shares of HDFC Bank Limited (NYSE:HDB) by 34.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 728,300 shares of the bank’s stock after purchasing an additional 186,279 shares during the period. HDFC Bank comprises about 1.4% of Pendal Group Ltd’s holdings, making the stock its 15th biggest holding. Pendal Group Ltd owned 0.08% of HDFC Bank worth $99,203,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Beacon Advisors Inc. increased its position in HDFC Bank by 67.8% in the 1st quarter. American Beacon Advisors Inc. now owns 292 shares of the bank’s stock worth $34,000 after purchasing an additional 118 shares during the last quarter. Nkcfo LLC acquired a new position in HDFC Bank in the 2nd quarter worth about $39,000. Lindbrook Capital LLC increased its position in HDFC Bank by 40.9% in the 1st quarter. Lindbrook Capital LLC now owns 355 shares of the bank’s stock worth $41,000 after purchasing an additional 103 shares during the last quarter. Manchester Financial Inc. acquired a new position in HDFC Bank in the 2nd quarter worth about $51,000. Finally, West Oak Capital LLC acquired a new position in HDFC Bank in the 2nd quarter worth about $72,000. 19.28% of the stock is owned by institutional investors and hedge funds.
HDB has been the topic of several research reports. Zacks Investment Research lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Tuesday. Nomura lowered HDFC Bank from a “buy” rating to a “neutral” rating and set a $128.63 target price on the stock. in a research report on Tuesday, June 11th.
About HDFC Bank
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.
Further Reading: What is a Real Estate Investment Trust (REIT)?
Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HDFC Bank Limited (NYSE:HDB).
Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter.