HDFC Bank Limited $HDB Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its holdings in HDFC Bank Limited (NYSE:HDB) by 77.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 122,780 shares of the bank’s stock after purchasing an additional 53,644 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in HDFC Bank were worth $4,194,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HDB. NewEdge Advisors LLC increased its holdings in HDFC Bank by 8.6% in the first quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock valued at $776,000 after buying an additional 922 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of HDFC Bank by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock worth $58,723,000 after acquiring an additional 13,435 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of HDFC Bank by 24.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank’s stock valued at $601,000 after acquiring an additional 1,541 shares during the period. Assetmark Inc. lifted its position in shares of HDFC Bank by 358.4% during the 2nd quarter. Assetmark Inc. now owns 706 shares of the bank’s stock valued at $54,000 after buying an additional 552 shares in the last quarter. Finally, Bank of Montreal Can raised its position in HDFC Bank by 3.5% during the second quarter. Bank of Montreal Can now owns 84,920 shares of the bank’s stock worth $6,511,000 after acquiring an additional 2,865 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Down 2.9%

NYSE HDB opened at $29.50 on Friday. The stock has a fifty day simple moving average of $33.04 and a 200-day simple moving average of $34.85. The stock has a market cap of $150.49 billion, a PE ratio of 17.72, a P/E/G ratio of 1.26 and a beta of 0.56. HDFC Bank Limited has a twelve month low of $29.23 and a twelve month high of $39.81.

Wall Street Analyst Weigh In

HDB has been the topic of several research analyst reports. Weiss Ratings upgraded shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

HDFC Bank Profile

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).