HDFC Bank Limited (NYSE:HDB) Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc cut its holdings in HDFC Bank Limited (NYSE:HDB) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,969 shares of the bank’s stock after selling 26,740 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in HDFC Bank were worth $13,379,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Ridgewood Investments LLC purchased a new stake in HDFC Bank in the 2nd quarter valued at approximately $36,000. Northwest Investment Counselors LLC purchased a new stake in shares of HDFC Bank in the third quarter valued at $38,000. JFS Wealth Advisors LLC boosted its stake in shares of HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after acquiring an additional 275 shares during the last quarter. GAMMA Investing LLC increased its position in 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. Finally, LRI Investments LLC acquired a new position in HDFC Bank in the 1st quarter valued at about $56,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 0.5 %

HDB opened at $64.10 on Friday. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.44. The business has a 50-day moving average of $62.73 and a two-hundred day moving average of $60.82. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $162.31 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91.

Analyst Upgrades and Downgrades

HDB has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd. StockNews.com raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday.

HDFC Bank Company 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.