Crossmark Global Holdings Inc. Increases Holdings in HDFC Bank Limited (NYSE:HDB)

Crossmark Global Holdings Inc. grew its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,492 shares of the bank’s stock after purchasing an additional 4,764 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in HDFC Bank were worth $4,347,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new position in shares of HDFC Bank during the 2nd quarter worth $166,709,000. US Bancorp DE grew its stake in shares of HDFC Bank by 38.1% during the 3rd quarter. US Bancorp DE now owns 139,865 shares of the bank’s stock worth $8,750,000 after acquiring an additional 38,571 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of HDFC Bank by 580.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 805,060 shares of the bank’s stock worth $45,079,000 after acquiring an additional 686,789 shares during the period. Deprince Race & Zollo Inc. grew its stake in shares of HDFC Bank by 56.3% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 139,612 shares of the bank’s stock worth $8,981,000 after acquiring an additional 50,301 shares during the period. Finally, LRI Investments LLC bought a new position in shares of HDFC Bank during the 1st quarter worth $125,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

HDFC Bank Stock Performance

Shares of HDB opened at $64.52 on Tuesday. The company has a market cap of $163.38 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91. 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 stock has a 50-day moving average price of $62.73 and a 200-day moving average price of $60.86. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.44.

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.