C WorldWide Group Holding A S decreased its position in shares of HDFC Bank Limited (NYSE:HDB) by 44.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,479,557 shares of the bank’s stock after selling 1,205,203 shares during the period. HDFC Bank Limited comprises approximately 2.0% of C WorldWide Group Holding A S’s portfolio, making the stock its 14th largest position. C WorldWide Group Holding A S’s holdings in HDFC Bank Limited were worth $128,677,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HDB. UBS Asset Management Americas Inc. raised its position in HDFC Bank Limited by 0.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 301,554 shares of the bank’s stock worth $18,298,000 after buying an additional 2,800 shares in the last quarter. Creative Planning raised its position in HDFC Bank Limited by 6.3% in the first quarter. Creative Planning now owns 1,700 shares of the bank’s stock worth $128,000 after buying an additional 100 shares in the last quarter. Bank of Montreal Can raised its position in HDFC Bank Limited by 31.5% in the first quarter. Bank of Montreal Can now owns 831,490 shares of the bank’s stock worth $62,544,000 after buying an additional 199,225 shares in the last quarter. Capstone Asset Management Co. raised its position in HDFC Bank Limited by 0.8% in the first quarter. Capstone Asset Management Co. now owns 25,437 shares of the bank’s stock worth $1,913,000 after buying an additional 190 shares in the last quarter. Finally, Legato Capital Management LLC raised its position in HDFC Bank Limited by 7,422.0% in the first quarter. Legato Capital Management LLC now owns 5,002,130 shares of the bank’s stock worth $66,500,000 after buying an additional 4,935,630 shares in the last quarter. Institutional investors and hedge funds own 18.94% of the company’s stock.

HDFC Bank Limited (NYSE:HDB) opened at 94.48 on Friday. HDFC Bank Limited has a 12 month low of $59.00 and a 12 month high of $99.77. The firm’s 50-day moving average price is $92.02 and its 200-day moving average price is $81.29. The firm has a market cap of $484.22 billion, a price-to-earnings ratio of 204.95 and a beta of 0.87.

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

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HDB has been the subject of a number of analyst reports. Zacks Investment Research lowered HDFC Bank Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. BidaskClub lowered HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Morgan Stanley upgraded HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC upgraded HDFC Bank Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. HDFC Bank Limited presently has a consensus rating of “Buy” and an average target price of $103.00.

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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