Jacobson & Schmitt Advisors LLC Buys Shares of 33,698 HDFC Bank Limited (HDB)

Jacobson & Schmitt Advisors LLC bought a new position in HDFC Bank Limited (NYSE:HDB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 33,698 shares of the bank’s stock, valued at approximately $3,247,000. HDFC Bank accounts for about 2.2% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 25th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of HDFC Bank by 1,011.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 143,400 shares of the bank’s stock worth $12,471,000 after buying an additional 130,500 shares during the period. AXA boosted its stake in HDFC Bank by 37.0% in the 2nd quarter. AXA now owns 211,012 shares of the bank’s stock worth $18,352,000 after purchasing an additional 57,024 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in HDFC Bank by 9.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 221,632 shares of the bank’s stock worth $19,275,000 after purchasing an additional 19,036 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in HDFC Bank by 5.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,785,626 shares of the bank’s stock worth $155,294,000 after purchasing an additional 97,637 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in HDFC Bank by 73.8% in the 2nd quarter. Blair William & Co. IL now owns 12,486 shares of the bank’s stock worth $1,086,000 after purchasing an additional 5,300 shares in the last quarter. 17.53% of the stock is currently owned by institutional investors.

HDFC Bank Limited (HDB) traded down $0.02 during trading on Wednesday, reaching $94.19. 347,100 shares of the company traded hands, compared to its average volume of 710,099. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.71. HDFC Bank Limited has a one year low of $59.00 and a one year high of $100.26. The stock has a market cap of $80,472.48, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 1.07 and a beta of 0.85.

Separately, Zacks Investment Research cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. HDFC Bank currently has a consensus rating of “Buy” and an average price target of $110.00.

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HDFC Bank Company Profile

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.

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

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