The HDFC Bank Ltd. (HDB) Shares Bought by Northern Trust Corp

The HDFC Bank Ltd. (HDB) Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its stake in HDFC Bank Ltd. (NYSE:HDB) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 938,333 shares of the company’s stock after buying an additional 22,601 shares during the period. Northern Trust Corp’s holdings in HDFC Bank were worth $67,457,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new stake in shares of HDFC Bank during the second quarter valued at about $100,000. MSI Financial Services Inc raised its stake in shares of HDFC Bank by 1.9% in the third quarter. MSI Financial Services Inc now owns 1,485 shares of the company’s stock valued at $107,000 after buying an additional 28 shares during the period. Pinkerton Retirement Specialists LLC purchased a new stake in shares of HDFC Bank during the second quarter valued at about $129,000. US Bancorp DE raised its stake in shares of HDFC Bank by 10.2% in the second quarter. US Bancorp DE now owns 3,017 shares of the company’s stock valued at $200,000 after buying an additional 280 shares during the period. Finally, Trillium Asset Management LLC purchased a new stake in shares of HDFC Bank during the second quarter valued at about $211,000. 17.58% of the stock is owned by hedge funds and other institutional investors.

Shares of HDFC Bank Ltd. (NYSE:HDB) opened at 64.31 on Thursday. The firm’s 50-day moving average price is $62.28 and its 200 day moving average price is $68.12. HDFC Bank Ltd. has a 52 week low of $51.11 and a 52 week high of $74.04. The company has a market cap of $325.18 billion, a price-to-earnings ratio of 174.52 and a beta of 1.21.

About HDFC Bank

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.

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 Ltd. (NYSE:HDB).

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