FACTORIAL MANAGEMENT Ltd Takes $3.18 Million Position in HDFC Bank Limited (HDB)

Share on StockTwits

FACTORIAL MANAGEMENT Ltd acquired a new stake in HDFC Bank Limited (NYSE:HDB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 34,000 shares of the bank’s stock, valued at approximately $3,183,000. HDFC Bank makes up 77.5% of FACTORIAL MANAGEMENT Ltd’s portfolio, making the stock its biggest holding.

Several other large investors also recently added to or reduced their stakes in HDB. Mainstay Capital Management LLC ADV bought a new stake in HDFC Bank during the 2nd quarter valued at $105,000. Pitcairn Co. bought a new stake in HDFC Bank during the 2nd quarter valued at $201,000. Portland Global Advisors LLC bought a new stake in HDFC Bank during the 3rd quarter valued at $224,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in HDFC Bank during the 2nd quarter valued at $252,000. Finally, CIBC World Markets Inc. increased its stake in HDFC Bank by 50.0% during the 1st quarter. CIBC World Markets Inc. now owns 3,136 shares of the bank’s stock valued at $310,000 after purchasing an additional 1,046 shares in the last quarter. Institutional investors own 17.20% of the company’s stock.

NYSE HDB opened at $87.88 on Tuesday. HDFC Bank Limited has a 1 year low of $85.43 and a 1 year high of $112.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $78.36 billion, a PE ratio of 28.26, a PEG ratio of 1.11 and a beta of 0.98.

A number of brokerages have commented on HDB. Zacks Investment Research upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. ValuEngine lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.

About HDFC Bank

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.

Further Reading: Marijuana Stocks

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

Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply