GW&K Investment Management LLC boosted its position in shares of HDFC Bank Limited (NYSE:HDB) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,214 shares of the bank’s stock after acquiring an additional 792 shares during the quarter. GW&K Investment Management LLC’s holdings in HDFC Bank were worth $22,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HDB. American Beacon Advisors Inc. raised its position in HDFC Bank by 67.8% during the first quarter. American Beacon Advisors Inc. now owns 292 shares of the bank’s stock worth $34,000 after acquiring an additional 118 shares in the last quarter. Nkcfo LLC acquired a new position in shares of HDFC Bank in the second quarter valued at $39,000. Manchester Financial Inc. acquired a new position in shares of HDFC Bank in the second quarter valued at $51,000. Advisors Preferred LLC acquired a new position in shares of HDFC Bank in the second quarter valued at $53,000. Finally, West Oak Capital LLC acquired a new position in shares of HDFC Bank in the second quarter valued at $72,000. 19.26% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on HDB. Nomura downgraded shares of HDFC Bank from a “buy” rating to a “neutral” rating and set a $128.63 price objective on the stock. in a report on Tuesday, June 11th. Zacks Investment Research downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th.

Shares of NYSE:HDB traded up $0.78 on Friday, hitting $106.14. The company had a trading volume of 2,268,174 shares, compared to its average volume of 838,640. HDFC Bank Limited has a 1-year low of $85.43 and a 1-year high of $131.78. The stock has a market cap of $90.75 billion, a price-to-earnings ratio of 31.97, a P/E/G ratio of 1.16 and a beta of 0.43. The stock has a 50 day moving average price of $117.22 and a 200 day moving average price of $115.68. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.64.

HDFC Bank Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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

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