Aberdeen Asset Management PLC UK Has $37.825 Million Stake in HDFC Bank Limited (HDB)

Aberdeen Asset Management PLC UK increased its stake in HDFC Bank Limited (NYSE:HDB) by 20.6% during the first quarter, Holdings Channel reports. The institutional investor owned 502,852 shares of the bank’s stock after buying an additional 86,000 shares during the period. Aberdeen Asset Management PLC UK’s holdings in HDFC Bank Limited were worth $37,825,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Lim Capital Ltd increased its position in HDFC Bank Limited by 31.4% in the third quarter. Charles Lim Capital Ltd now owns 661,810 shares of the bank’s stock valued at $47,578,000 after buying an additional 158,204 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in HDFC Bank Limited during the fourth quarter valued at approximately $896,000. Wetherby Asset Management Inc. increased its position in HDFC Bank Limited by 3.0% in the first quarter. Wetherby Asset Management Inc. now owns 6,134 shares of the bank’s stock valued at $461,000 after buying an additional 178 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in HDFC Bank Limited by 0.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 301,554 shares of the bank’s stock valued at $18,298,000 after buying an additional 2,800 shares in the last quarter. Finally, First Personal Financial Services increased its position in HDFC Bank Limited by 23.0% in the third quarter. First Personal Financial Services now owns 76,087 shares of the bank’s stock valued at $5,470,000 after buying an additional 14,227 shares in the last quarter. Hedge funds and other institutional investors own 18.16% of the company’s stock.

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

Shares of HDFC Bank Limited (NYSE:HDB) traded down 0.11% on Friday, reaching $84.71. The company had a trading volume of 731,135 shares. The firm has a market capitalization of $431.96 billion, a price-to-earnings ratio of 183.35 and a beta of 1.14. HDFC Bank Limited has a 52 week low of $59.00 and a 52 week high of $86.10. The stock’s 50 day moving average is $80.06 and its 200 day moving average is $70.67.

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A number of brokerages recently issued reports on HDB. Nomura downgraded HDFC Bank Limited from a “buy” rating to a “neutral” rating in a report on Monday, January 30th. Morgan Stanley downgraded HDFC Bank Limited from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 21st. Finally, Zacks Investment Research upgraded HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Tuesday, March 14th.

About HDFC Bank Limited

HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

5 Day Chart for NYSE:HDB

Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HDFC Bank Limited (NYSE:HDB).

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