Mckinley Capital Management LLC Delaware decreased its holdings in HDFC Bank Limited (NYSE:HDB) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,981 shares of the bank’s stock after selling 1,470 shares during the quarter. Mckinley Capital Management LLC Delaware’s holdings in HDFC Bank were worth $1,975,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. First Mercantile Trust Co. boosted its position in shares of HDFC Bank by 5.6% during the 3rd quarter. First Mercantile Trust Co. now owns 11,060 shares of the bank’s stock worth $1,041,000 after purchasing an additional 585 shares in the last quarter. ClariVest Asset Management LLC raised its stake in shares of HDFC Bank by 5.4% during the 3rd quarter. ClariVest Asset Management LLC now owns 252,690 shares of the bank’s stock worth $23,776,000 after buying an additional 13,000 shares during the last quarter. MML Investors Services LLC raised its stake in shares of HDFC Bank by 41.8% during the 3rd quarter. MML Investors Services LLC now owns 22,200 shares of the bank’s stock worth $2,089,000 after buying an additional 6,548 shares during the last quarter. AGF Investments Inc. raised its stake in shares of HDFC Bank by 7.8% during the 3rd quarter. AGF Investments Inc. now owns 13,800 shares of the bank’s stock worth $1,299,000 after buying an additional 1,000 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of HDFC Bank by 13.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 268,638 shares of the bank’s stock worth $25,278,000 after buying an additional 31,618 shares during the last quarter. 18.84% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. ValuEngine downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.

HDB stock traded down $1.40 during trading on Friday, hitting $100.46. The stock had a trading volume of 837,209 shares, compared to its average volume of 702,417. HDFC Bank Limited has a 1-year low of $85.43 and a 1-year high of $112.10. The company has a market capitalization of $87.74 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 1.22 and a beta of 0.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.79.

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HDFC Bank Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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

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