Russell Investments Group Ltd. Has $171.57 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Russell Investments Group Ltd. trimmed its stake in HDFC Bank Limited (NYSE:HDB) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,556,290 shares of the bank’s stock after selling 2,466 shares during the quarter. Russell Investments Group Ltd. owned about 0.14% of HDFC Bank worth $171,571,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HDB. Morgan Stanley lifted its stake in shares of HDFC Bank by 5.1% in the third quarter. Morgan Stanley now owns 14,886,302 shares of the bank’s stock valued at $878,441,000 after buying an additional 723,106 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of HDFC Bank by 0.8% in the fourth quarter. Baillie Gifford & Co. now owns 9,636,983 shares of the bank’s stock valued at $646,738,000 after buying an additional 76,505 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of HDFC Bank by 4.9% in the third quarter. Ameriprise Financial Inc. now owns 8,772,331 shares of the bank’s stock valued at $516,561,000 after buying an additional 410,884 shares in the last quarter. Sustainable Growth Advisers LP lifted its stake in shares of HDFC Bank by 2.2% in the third quarter. Sustainable Growth Advisers LP now owns 6,933,843 shares of the bank’s stock valued at $409,166,000 after buying an additional 146,980 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its stake in shares of HDFC Bank by 2.9% in the fourth quarter. Impax Asset Management Group plc now owns 5,771,491 shares of the bank’s stock valued at $386,431,000 after buying an additional 160,220 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Up 0.0 %

Shares of HDB traded up $0.01 during trading hours on Friday, reaching $58.34. 1,434,939 shares of the stock traded hands, compared to its average volume of 2,953,923. The company has a current ratio of 0.40, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. The stock has a fifty day simple moving average of $56.19 and a 200 day simple moving average of $58.57. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $71.39. The company has a market cap of $108.51 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.09 and a beta of 0.87.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd.

HDFC Bank Company Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.