WINTON GROUP Ltd Buys 25,350 Shares of HDFC Bank Limited $HDB

WINTON GROUP Ltd boosted its position in HDFC Bank Limited (NYSE:HDB) by 100.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,700 shares of the bank’s stock after purchasing an additional 25,350 shares during the period. WINTON GROUP Ltd’s holdings in HDFC Bank were worth $1,732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HDB. Central Pacific Bank Trust Division raised its stake in shares of HDFC Bank by 100.0% in the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after buying an additional 379 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of HDFC Bank by 54.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after acquiring an additional 322 shares during the period. Accent Capital Management LLC grew its stake in shares of HDFC Bank by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock worth $31,000 after acquiring an additional 459 shares during the period. Clearstead Advisors LLC increased its holdings in HDFC Bank by 476.8% in the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after acquiring an additional 739 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in HDFC Bank by 100.0% in the 3rd quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock worth $35,000 after acquiring an additional 510 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Performance

Shares of HDB opened at $29.46 on Wednesday. HDFC Bank Limited has a 52-week low of $28.65 and a 52-week high of $39.81. The stock’s 50-day simple moving average is $32.76 and its 200 day simple moving average is $34.70. The stock has a market capitalization of $150.30 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56.

Analysts Set New Price Targets

Several research firms have commented on HDB. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings downgraded shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

HDFC Bank Company Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).