Congress Wealth Management LLC DE cut its holdings in shares of HDFC Bank Limited (NYSE:HDB – Get Rating) by 1.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,480 shares of the bank’s stock after selling 453 shares during the quarter. Congress Wealth Management LLC DE’s holdings in HDFC Bank were worth $1,400,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Prospera Financial Services Inc acquired a new stake in shares of HDFC Bank during the 1st quarter worth approximately $25,000. Urban Wealth Management LLC acquired a new position in shares of HDFC Bank during the second quarter valued at $27,000. Herold Advisors Inc. acquired a new position in shares of HDFC Bank during the first quarter valued at $64,000. Tcwp LLC bought a new position in HDFC Bank in the first quarter valued at approximately $68,000. Finally, Horan Securities Inc. bought a new position in HDFC Bank in the first quarter valued at approximately $75,000. 17.59% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of HDFC Bank in a report on Wednesday, October 12th. They set a “hold” rating on the stock.
HDFC Bank Stock Up 1.1 %
About HDFC Bank
HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company 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, overdrafts against fixed deposits, and sweep-in facilities.
- Get a free copy of the StockNews.com research report on HDFC Bank (HDB)
- Microsoft Shares: Is it Time to Back Up the Truck?
- Three CBD Stocks to Dominate a Budding Industry
- Institutional Support for Analog Devices Remains High
- Is the 60/40 Portfolio Mix Still in Vogue?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter.