Connable Office Inc. purchased a new position in shares of HDFC Bank Limited (NYSE:HDB) during the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 14,502 shares of the bank’s stock, valued at approximately $1,261,000.

Other large investors also recently made changes to their positions in the company. Legato Capital Management LLC boosted its stake in shares of 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 during the last quarter. Egerton Capital UK LLP acquired a new stake in shares of HDFC Bank Limited during the second quarter worth approximately $196,127,000. Artisan Partners Limited Partnership boosted its stake in shares of HDFC Bank Limited by 77.6% in the first quarter. Artisan Partners Limited Partnership now owns 2,621,527 shares of the bank’s stock worth $197,191,000 after buying an additional 1,145,201 shares during the last quarter. Morgan Stanley boosted its stake in shares of HDFC Bank Limited by 40.9% in the first quarter. Morgan Stanley now owns 2,742,394 shares of the bank’s stock worth $206,283,000 after buying an additional 795,897 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of HDFC Bank Limited by 4.0% in the first quarter. JPMorgan Chase & Co. now owns 14,085,276 shares of the bank’s stock worth $1,059,495,000 after buying an additional 538,265 shares during the last quarter. 18.94% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Limited (NYSE HDB) opened at 97.10 on Thursday. HDFC Bank Limited has a 52 week low of $59.00 and a 52 week high of $99.77. The firm has a market capitalization of $497.65 billion, a price-to-earnings ratio of 210.63 and a beta of 0.87. The stock’s 50 day moving average is $91.84 and its 200-day moving average is $81.20.

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

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HDB has been the subject of a number of research reports. Jefferies Group LLC raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Friday, July 21st. BidaskClub cut shares of HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Morgan Stanley raised shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target 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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