Private Advisor Group LLC increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 31.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,650 shares of the bank’s stock after buying an additional 1,594 shares during the period. Private Advisor Group LLC’s holdings in HDFC Bank Limited were worth $579,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Interstate Bank purchased a new stake in HDFC Bank Limited during the second quarter worth about $103,000. Parallel Advisors LLC increased its holdings in HDFC Bank Limited by 17.1% during the first quarter. Parallel Advisors LLC now owns 1,280 shares of the bank’s stock worth $104,000 after buying an additional 187 shares during the last quarter. Independent Portfolio Consultants Inc. increased its holdings in HDFC Bank Limited by 744.5% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,689 shares of the bank’s stock worth $147,000 after buying an additional 1,489 shares during the last quarter. Huntington National Bank increased its holdings in HDFC Bank Limited by 4.9% during the second quarter. Huntington National Bank now owns 1,730 shares of the bank’s stock worth $150,000 after buying an additional 81 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in HDFC Bank Limited during the second quarter worth about $156,000. Institutional investors and hedge funds own 17.72% of the company’s stock.

A number of brokerages have weighed in on HDB. Zacks Investment Research lowered shares of HDFC Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday. Jefferies Group LLC upgraded shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley upgraded shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $111.00.

HDFC Bank Limited (NYSE:HDB) opened at 98.61 on Friday. HDFC Bank Limited has a 12 month low of $59.00 and a 12 month high of $100.26. The company has a market cap of $505.39 billion, a price-to-earnings ratio of 213.21 and a beta of 0.88. The firm’s 50-day moving average is $96.57 and its 200-day moving average is $85.73.

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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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