HDFC Bank Limited (HDB) Shares Sold by Emerging Sovereign Group LLC

Emerging Sovereign Group LLC lowered its stake in HDFC Bank Limited (NYSE:HDB) by 18.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 336,651 shares of the bank’s stock after selling 77,010 shares during the quarter. HDFC Bank makes up approximately 13.5% of Emerging Sovereign Group LLC’s investment portfolio, making the stock its 3rd largest position. Emerging Sovereign Group LLC’s holdings in HDFC Bank were worth $32,443,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its holdings in shares of HDFC Bank by 2,523.0% during the third quarter. Asset Management One Co. Ltd. now owns 5,246 shares of the bank’s stock worth $500,000 after acquiring an additional 5,046 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of HDFC Bank by 187.7% in the third quarter. Allianz Asset Management GmbH now owns 276,333 shares of the bank’s stock valued at $26,630,000 after buying an additional 180,292 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of HDFC Bank by 128.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 39,185 shares of the bank’s stock valued at $3,776,000 after buying an additional 22,023 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of HDFC Bank by 57.8% in the third quarter. Envestnet Asset Management Inc. now owns 74,954 shares of the bank’s stock valued at $7,220,000 after buying an additional 27,467 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of HDFC Bank by 5.1% in the third quarter. Stifel Financial Corp now owns 36,669 shares of the bank’s stock valued at $3,538,000 after buying an additional 1,778 shares during the period. 17.53% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. HDFC Bank presently has an average rating of “Buy” and an average target price of $110.00.

HDFC Bank Limited (NYSE HDB) traded up $0.40 on Thursday, hitting $94.59. 495,800 shares of the company were exchanged, compared to its average volume of 709,187. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.71. The firm has a market cap of $80,455.41, a price-to-earnings ratio of 35.41, a PEG ratio of 1.07 and a beta of 0.85. HDFC Bank Limited has a 12 month low of $59.00 and a 12 month high of $100.26.

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HDFC Bank 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.

Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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