Hdfc Bank LTD (HDB) Stock Value Declined While Johnston Asset Management Corp Has Upped Position by $4.54 Million

May 21, 2018 - By Maria Brooks

HDFC Bank Limited (NYSE:HDB) Logo

Johnston Asset Management Corp increased its stake in Hdfc Bank Ltd (HDB) by 1.71% based on its latest 2017Q4 regulatory filing with the SEC. Johnston Asset Management Corp bought 44,980 shares as the company’s stock declined 3.80% with the market. The institutional investor held 2.67 million shares of the commercial banks company at the end of 2017Q4, valued at $271.66M, up from 2.63 million at the end of the previous reported quarter. Johnston Asset Management Corp who had been investing in Hdfc Bank Ltd for a number of months, seems to be bullish on the $76.36B market cap company. The stock decreased 0.59% or $0.58 during the last trading session, reaching $97.75. About 525,509 shares traded. HDFC Bank Limited (NYSE:HDB) has risen 30.17% since May 21, 2017 and is uptrending. It has outperformed by 18.62% the S&P500.

Johnston Asset Management Corp, which manages about $4.21 billion and $2.36 billion US Long portfolio, decreased its stake in Asml Holding N V (NASDAQ:ASML) by 120,861 shares to 689,945 shares, valued at $119.93 million in 2017Q4, according to the filing.

Another recent and important HDFC Bank Limited (NYSE:HDB) news was published by Seekingalpha.com which published an article titled: “Best Wealth-Building Money-Center Bank Stocks By Market-Maker Forecast Now” on May 03, 2018.

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