CAM Group Holding A S reduced its stake in HDFC Bank Ltd. (NYSE:HDB) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,237,455 shares of the company’s stock after selling 20,095 shares during the period. HDFC Bank makes up 2.8% of CAM Group Holding A S’s investment portfolio, making the stock its 14th largest position. CAM Group Holding A S’s holdings in HDFC Bank were worth $148,455,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning raised its position in HDFC Bank by 226.4% in the second quarter. Creative Planning now owns 2,125 shares of the company’s stock valued at $141,000 after buying an additional 1,474 shares during the period. Trillium Asset Management LLC purchased a new stake in shares of HDFC Bank during the second quarter valued at $211,000. 1st Global Advisors Inc. boosted its stake in shares of HDFC Bank by 10.5% in the second quarter. 1st Global Advisors Inc. now owns 5,122 shares of the company’s stock valued at $340,000 after buying an additional 488 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of HDFC Bank during the second quarter valued at $537,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of HDFC Bank by 73.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,038 shares of the company’s stock valued at $557,000 after buying an additional 3,820 shares in the last quarter. 17.54% of the stock is owned by hedge funds and other institutional investors.
Shares of HDFC Bank Ltd. (NYSE:HDB) traded up 2.13% during mid-day trading on Tuesday, reaching $72.84. 567,459 shares of the company’s stock traded hands. The stock has a market cap of $368.31 billion, a PE ratio of 193.47 and a beta of 1.23. The firm has a 50 day moving average price of $72.19 and a 200-day moving average price of $67.43. HDFC Bank Ltd. has a 12 month low of $51.11 and a 12 month high of $74.04.
Separately, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of HDFC Bank in a research note on Wednesday, September 14th.
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.
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 Ltd. (NYSE:HDB).
Receive News & Ratings for HDFC Bank Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.