Todays Report: The Tradewinds Capital Management LLC reached $197,000 position of HDFC Bank Ltd. (HDB)

The Tradewinds Capital Management LLC reached $197,000 position  of HDFC Bank Ltd. (HDB)

Tradewinds Capital Management LLC held its position in shares of HDFC Bank Ltd. (NYSE:HDB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,975 shares of the company’s stock at the end of the second quarter. Tradewinds Capital Management LLC’s holdings in HDFC Bank were worth $197,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC raised its position in shares of HDFC Bank by 3.5% in the second quarter. Fisher Asset Management LLC now owns 8,218,584 shares of the company’s stock worth $559,110,000 after buying an additional 275,000 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of HDFC Bank by 7.8% in the first quarter. Lazard Asset Management LLC now owns 2,874,785 shares of the company’s stock worth $177,172,000 after buying an additional 207,107 shares in the last quarter. Royal Bank of Canada raised its position in shares of HDFC Bank by 6.6% in the first quarter. Royal Bank of Canada now owns 2,121,315 shares of the company’s stock worth $130,736,000 after buying an additional 130,506 shares in the last quarter. American Century Companies Inc. raised its position in shares of HDFC Bank by 4.9% in the second quarter. American Century Companies Inc. now owns 2,003,582 shares of the company’s stock worth $132,938,000 after buying an additional 93,311 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of HDFC Bank by 10.9% in the first quarter. Wellington Management Group LLP now owns 1,820,936 shares of the company’s stock worth $112,224,000 after buying an additional 178,326 shares in the last quarter. 17.54% of the stock is currently owned by institutional investors.

Shares of HDFC Bank Ltd. (NYSE:HDB) traded down 1.15% on Monday, hitting $71.28. The company’s stock had a trading volume of 635,805 shares. The company has a market cap of $360.42 billion, a price-to-earnings ratio of 189.32 and a beta of 1.23. The stock’s 50 day moving average is $72.19 and its 200-day moving average is $67.25. HDFC Bank Ltd. has a 52 week low of $51.11 and a 52 week high of $74.04.

Separately, Goldman Sachs Group Inc. reissued a “buy” rating on shares of HDFC Bank in a research note on Wednesday, September 14th.

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.

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