B. Metzler seel. Sohn & Co. AG Buys 445,219 Shares of HDFC Bank Limited $HDB

B. Metzler seel. Sohn & Co. AG raised its stake in HDFC Bank Limited (NYSE:HDB) by 112.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 839,882 shares of the bank’s stock after acquiring an additional 445,219 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in HDFC Bank were worth $28,690,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Central Pacific Bank Trust Division boosted its stake in HDFC Bank by 100.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after purchasing an additional 379 shares in the last quarter. Parkside Financial Bank & Trust grew its position in HDFC Bank by 54.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after purchasing an additional 322 shares during the last quarter. Accent Capital Management LLC increased its stake in HDFC Bank by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after purchasing an additional 459 shares in the last quarter. Clearstead Advisors LLC increased its stake in HDFC Bank by 476.8% during the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after purchasing an additional 739 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in HDFC Bank by 100.0% in the third quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock worth $35,000 after buying an additional 510 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Performance

NYSE HDB opened at $29.50 on Friday. HDFC Bank Limited has a one year low of $29.23 and a one year high of $39.81. The stock has a 50-day moving average of $33.04 and a 200 day moving average of $34.83. The company has a market capitalization of $150.49 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.23 and a beta of 0.56.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HDB shares. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings lowered shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, HDFC Bank has an average rating of “Reduce”.

About HDFC Bank

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).