BT Investment Management Ltd purchased a new position in shares of HDFC Bank Limited (NYSE:HDB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 216,409 shares of the bank’s stock, valued at approximately $18,821,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. First Interstate Bank acquired a new stake in shares of HDFC Bank Limited in the 2nd quarter valued at $103,000. Parallel Advisors LLC boosted its stake in shares of HDFC Bank Limited by 17.1% in the 1st quarter. Parallel Advisors LLC now owns 1,280 shares of the bank’s stock valued at $104,000 after purchasing an additional 187 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of HDFC Bank Limited by 744.5% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,689 shares of the bank’s stock valued at $147,000 after purchasing an additional 1,489 shares in the last quarter. Huntington National Bank boosted its stake in shares of HDFC Bank Limited by 4.9% in the 2nd quarter. Huntington National Bank now owns 1,730 shares of the bank’s stock valued at $150,000 after purchasing an additional 81 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of HDFC Bank Limited in the 2nd quarter valued at $156,000. Hedge funds and other institutional investors own 17.72% of the company’s stock.

HDB has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of HDFC Bank Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. BidaskClub downgraded shares of HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Morgan Stanley upgraded shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC upgraded shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $111.00.

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Shares of HDFC Bank Limited (NYSE HDB) traded up 0.66% during midday trading on Friday, hitting $99.31. 377,135 shares of the stock traded hands. The stock has a 50 day moving average of $96.66 and a 200 day moving average of $85.93. HDFC Bank Limited has a 1-year low of $59.00 and a 1-year high of $100.26. The company has a market capitalization of $508.97 billion, a P/E ratio of 214.72 and a beta of 0.88.

HDFC Bank Limited Company Profile

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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