HDFC Bank Limited (HDB) Shares Bought by CIBC Private Wealth Group LLC

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CIBC Private Wealth Group LLC raised its stake in HDFC Bank Limited (NYSE:HDB) by 12.5% during the fourth quarter, Holdings Channel reports. The fund owned 119,919 shares of the bank’s stock after buying an additional 13,323 shares during the period. CIBC Private Wealth Group LLC’s holdings in HDFC Bank were worth $12,421,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in HDFC Bank by 96.8% in the second quarter. Renaissance Technologies LLC now owns 18,500 shares of the bank’s stock valued at $1,943,000 after acquiring an additional 9,100 shares during the last quarter. Trilogy Global Advisors LP boosted its stake in HDFC Bank by 2.2% in the third quarter. Trilogy Global Advisors LP now owns 657,193 shares of the bank’s stock valued at $61,842,000 after acquiring an additional 14,424 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in HDFC Bank by 8.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 52,275 shares of the bank’s stock valued at $4,920,000 after acquiring an additional 4,236 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in HDFC Bank by 10,112.2% in the third quarter. Rehmann Capital Advisory Group now owns 109,985 shares of the bank’s stock valued at $1,168,000 after acquiring an additional 108,908 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in HDFC Bank by 1.7% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 122,200 shares of the bank’s stock valued at $11,499,000 after acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 18.90% of the company’s stock.

A number of research firms have weighed in on HDB. TheStreet upgraded shares of HDFC Bank from a “c+” rating to a “b-” rating in a research note on Monday, December 31st. Zacks Investment Research cut shares of HDFC Bank from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th.

Shares of HDB stock opened at $101.39 on Thursday. The company has a market cap of $87.85 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 1.22 and a beta of 0.60. HDFC Bank Limited has a 12 month low of $85.43 and a 12 month high of $112.10.

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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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