Bristol Advisors LLC bought a new stake in HDFC Bank Limited (NYSE:HDB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,300 shares of the bank’s stock, valued at approximately $635,000. HDFC Bank Limited makes up 0.4% of Bristol Advisors LLC’s portfolio, making the stock its 18th largest position.

Other large investors also recently modified their holdings of the company. Parallel Advisors LLC raised its stake in shares of HDFC Bank Limited by 17.1% in the first quarter. Parallel Advisors LLC now owns 1,280 shares of the bank’s stock valued at $104,000 after buying an additional 187 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of HDFC Bank Limited by 744.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,689 shares of the bank’s stock valued at $147,000 after buying an additional 1,489 shares during the last quarter. Creative Planning raised its stake in shares of HDFC Bank Limited by 6.3% in the first quarter. Creative Planning now owns 1,700 shares of the bank’s stock valued at $128,000 after buying an additional 100 shares during the last quarter. Huntington National Bank raised its stake 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 valued at $150,000 after buying an additional 81 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of HDFC Bank Limited during the second quarter valued at approximately $156,000. Institutional investors own 18.72% of the company’s stock.

Shares of HDFC Bank Limited (NYSE:HDB) opened at 95.64 on Wednesday. The company has a 50 day moving average of $92.63 and a 200 day moving average of $82.07. HDFC Bank Limited has a 52-week low of $59.00 and a 52-week high of $99.77. The stock has a market capitalization of $490.16 billion, a price-to-earnings ratio of 207.46 and a beta of 0.87.

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

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Several brokerages have commented 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. 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. 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. 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. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price 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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