HDFC Bank Limited (NYSE:HDB) Shares Purchased by River Global Investors LLP

River Global Investors LLP boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 4.5% in the third quarter, HoldingsChannel.com reports. The firm owned 28,324 shares of the bank’s stock after buying an additional 1,228 shares during the quarter. River Global Investors LLP’s holdings in HDFC Bank were worth $1,772,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Crossmark Global Holdings Inc. boosted its holdings in shares of HDFC Bank by 7.4% in the third quarter. Crossmark Global Holdings Inc. now owns 69,492 shares of the bank’s stock valued at $4,347,000 after acquiring an additional 4,764 shares during the period. Atria Investments Inc boosted its holdings in shares of HDFC Bank by 9.4% in the third quarter. Atria Investments Inc now owns 48,111 shares of the bank’s stock valued at $3,010,000 after acquiring an additional 4,119 shares during the period. Portside Wealth Group LLC boosted its holdings in shares of HDFC Bank by 24.6% in the third quarter. Portside Wealth Group LLC now owns 8,731 shares of the bank’s stock valued at $546,000 after acquiring an additional 1,721 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of HDFC Bank by 31.5% in the third quarter. Principal Financial Group Inc. now owns 47,225 shares of the bank’s stock valued at $2,954,000 after acquiring an additional 11,319 shares during the period. Finally, Marks Group Wealth Management Inc boosted its holdings in shares of HDFC Bank by 62.8% in the third quarter. Marks Group Wealth Management Inc now owns 21,597 shares of the bank’s stock valued at $1,351,000 after acquiring an additional 8,335 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

Shares of HDFC Bank stock traded up $0.34 during trading hours on Friday, hitting $64.09. 1,557,655 shares of the company were exchanged, compared to its average volume of 1,959,655. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.44. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The business has a 50-day moving average of $62.73 and a 200-day moving average of $60.82. The stock has a market capitalization of $162.30 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 1.69 and a beta of 0.91.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd.

About HDFC Bank

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.