Principal Financial Group Has Increased Hdfc Bank LTD (HDB) Stake By $690,360; Chemocentryx (CCXI)’s Sentiment Is 1.4

September 13, 2017 - By Louis Casey

Principal Financial Group Inc increased Hdfc Bank Ltd (HDB) stake by 2.22% reported in 2016Q4 SEC filing. Principal Financial Group Inc acquired 11,506 shares as Hdfc Bank Ltd (HDB)’s stock rose 20.33%. The Principal Financial Group Inc holds 529,717 shares with $32.14M value, up from 518,211 last quarter. Hdfc Bank Ltd now has $74.79B valuation. The stock rose 0.49% or $0.49 reaching $99.78 per share. About 272,268 shares traded. HDFC Bank Limited (ADR) (NYSE:HDB) has risen 36.23% since September 13, 2016 and is uptrending. It has outperformed by 19.53% the S&P500.

ChemoCentryx, Inc. is a biopharmaceutical company. The company has market cap of $360.43 million. The Firm is engaged in developing new medications targeted at inflammatory disorders, autoimmune diseases and cancer. It currently has negative earnings. Each of its drug candidates focuses on a specific chemoattractant receptor that selectively blocks its negative inflammatory or suppressive response, leaving the rest of the immune system intact.

Among 3 analysts covering HDFC Bank Limited (NYSE:HDB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. Goldman Sachs maintained the stock with “Buy” rating in Wednesday, September 14 report. The company was downgraded on Thursday, August 27 by Zacks. On Wednesday, September 2 the stock rating was downgraded by Zacks to “Sell”. The rating was downgraded by Morgan Stanley on Tuesday, March 21 to “Equal-Weight”. The firm has “Hold” rating given on Monday, September 21 by Zacks.

Principal Financial Group Inc decreased Alleghany Corp Del (NYSE:Y) stake by 1,786 shares to 163,675 valued at $99.53M in 2016Q4. It also reduced M & T Bk Corp (NYSE:MTB) stake by 35,040 shares and now owns 1.55M shares. Portland Gen Elec Co (NYSE:POR) was reduced too.

About 32,880 shares traded. ChemoCentryx Inc (CCXI) has risen 60.64% since September 13, 2016 and is uptrending. It has outperformed by 43.94% the S&P500.

Bvf Inc Il holds 11.59% of its portfolio in ChemoCentryx Inc for 7.80 million shares. Sio Capital Management Llc owns 325,250 shares or 1.4% of their US portfolio. Moreover, Iguana Healthcare Management Llc has 1.19% invested in the company for 270,000 shares. The Connecticut-based P.A.W. Capital Corp has invested 1% in the stock. Nantahala Capital Management Llc, a Connecticut-based fund reported 467,455 shares.

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