Bessemer Group Inc. acquired a new position in HDFC Bank Limited (NYSE:HDB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,420 shares of the bank’s stock, valued at approximately $1,863,000.

Several other hedge funds have also recently bought and sold shares of HDB. JPMorgan Chase & Co. increased its stake in HDFC Bank Limited by 4.0% in the first quarter. JPMorgan Chase & Co. now owns 14,085,276 shares of the bank’s stock worth $1,059,495,000 after buying an additional 538,265 shares in the last quarter. Fisher Asset Management LLC increased its stake in HDFC Bank Limited by 0.8% in the first quarter. Fisher Asset Management LLC now owns 8,163,539 shares of the bank’s stock worth $614,061,000 after buying an additional 61,009 shares in the last quarter. Legato Capital Management LLC increased its stake in HDFC Bank Limited by 7,422.0% in the first quarter. Legato Capital Management LLC now owns 5,002,130 shares of the bank’s stock worth $66,500,000 after buying an additional 4,935,630 shares in the last quarter. Schroder Investment Management Group increased its stake in HDFC Bank Limited by 3.6% in the first quarter. Schroder Investment Management Group now owns 4,471,196 shares of the bank’s stock worth $332,478,000 after buying an additional 154,607 shares in the last quarter. Finally, William Blair Investment Management LLC increased its stake in HDFC Bank Limited by 3.3% in the first quarter. William Blair Investment Management LLC now owns 2,899,480 shares of the bank’s stock worth $218,099,000 after buying an additional 93,028 shares in the last quarter. 18.94% of the stock is currently owned by institutional investors.

Shares of HDFC Bank Limited (NYSE HDB) opened at 94.48 on Friday. The firm has a market capitalization of $484.22 billion, a price-to-earnings ratio of 204.95 and a beta of 0.87. HDFC Bank Limited has a 12 month low of $59.00 and a 12 month high of $99.77. The stock’s 50 day moving average price is $92.02 and its 200-day moving average price is $81.29.

The company also recently disclosed a None dividend, which was paid on Thursday, August 3rd. Shareholders of record on Thursday, June 29th were given a $0.494 dividend. The ex-dividend date was Tuesday, June 27th.

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A number of analysts have recently commented on HDB shares. Zacks Investment Research raised HDFC Bank Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub raised HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Morgan Stanley raised HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC raised HDFC Bank Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $103.00.

About HDFC Bank Limited

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

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