Whittier Trust Co. of Nevada Inc. lowered its holdings in HDFC Bank Limited (NYSE:HDB – Free Report) by 40.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,467 shares of the bank’s stock after selling 2,374 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in HDFC Bank were worth $217,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in HDB. Janiczek Wealth Management LLC bought a new stake in shares of HDFC Bank in the 1st quarter valued at approximately $35,000. Ridgewood Investments LLC acquired a new position in HDFC Bank during the second quarter worth $36,000. Northwest Investment Counselors LLC bought a new position in shares of HDFC Bank during the third quarter valued at $38,000. LRI Investments LLC acquired a new stake in shares of HDFC Bank in the 1st quarter valued at $56,000. Finally, GAMMA Investing LLC increased its position in shares of HDFC Bank by 56.0% during the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after purchasing an additional 324 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.
HDFC Bank Stock Up 1.7 %
Shares of NYSE HDB opened at $64.19 on Thursday. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.44. The firm’s 50-day simple moving average is $61.94 and its 200 day simple moving average is $60.34. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.37. The company has a market cap of $119.38 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92.
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HDFC Bank Profile
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.
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