BlackRock Inc. grew its stake in HDFC Bank Limited (NYSE:HDB) by 105.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,103,171 shares of the bank’s stock after buying an additional 1,077,828 shares during the period. BlackRock Inc. owned approximately 0.25% of HDFC Bank Limited worth $182,912,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Financial Counselors Inc. lifted its position in shares of HDFC Bank Limited by 0.8% in the second quarter. Financial Counselors Inc. now owns 5,791 shares of the bank’s stock worth $504,000 after buying an additional 46 shares during the last quarter. Level Four Advisory Services LLC lifted its position in shares of HDFC Bank Limited by 0.5% in the first quarter. Level Four Advisory Services LLC now owns 10,723 shares of the bank’s stock worth $810,000 after buying an additional 53 shares during the last quarter. Huntington National Bank lifted its position in shares of HDFC Bank Limited by 4.9% in 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. DnB Asset Management AS lifted its position in shares of HDFC Bank Limited by 0.7% in the second quarter. DnB Asset Management AS now owns 14,500 shares of the bank’s stock worth $1,261,000 after buying an additional 100 shares during the last quarter. Finally, Trillium Asset Management LLC lifted its position in shares of HDFC Bank Limited by 0.3% in the second quarter. Trillium Asset Management LLC now owns 36,636 shares of the bank’s stock worth $3,186,000 after buying an additional 115 shares during the last quarter. 17.72% of the stock is owned by institutional investors.

HDB has been the subject of a number of analyst reports. BidaskClub cut HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded HDFC Bank Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Morgan Stanley upgraded 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 HDFC Bank Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One equities 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. The stock currently has an average rating of “Buy” and a consensus target price of $110.00.

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HDFC Bank Limited (NYSE HDB) opened at 93.60 on Wednesday. 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 $479.71 billion, a price-to-earnings ratio of 202.60 and a beta of 0.84. The stock has a 50 day moving average price of $96.26 and a 200-day moving average price of $88.99.

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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