Sawtooth Solutions LLC raised its stake in HDFC Bank Limited (NYSE:HDB) by 9.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,348 shares of the bank’s stock after buying an additional 1,302 shares during the period. Sawtooth Solutions LLC’s holdings in HDFC Bank Limited were worth $1,335,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HDB. Financial Counselors Inc. increased its stake in shares of HDFC Bank Limited by 0.7% in the first quarter. Financial Counselors Inc. now owns 5,745 shares of the bank’s stock valued at $432,000 after buying an additional 39 shares during the period. Level Four Advisory Services LLC increased its stake 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 valued at $810,000 after buying an additional 53 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of HDFC Bank Limited by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,290 shares of the bank’s stock valued at $247,000 after buying an additional 76 shares during the period. Huntington National Bank increased 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 period. Finally, Creative Planning increased 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 period. Institutional investors own 17.72% of the company’s stock.

HDFC Bank Limited (NYSE:HDB) traded down 0.13% on Friday, hitting $97.30. The stock had a trading volume of 102,361 shares. The stock has a market capitalization of $498.67 billion, a price-to-earnings ratio of 211.75 and a beta of 0.87. HDFC Bank Limited has a 52 week low of $59.00 and a 52 week high of $99.77. The company has a 50-day moving average price of $95.14 and a 200-day moving average price of $84.06.

The company also recently announced 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. HDFC Bank Limited’s payout ratio is 18.42%.

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Several brokerages have issued reports on HDB. Jefferies Group LLC upgraded HDFC Bank Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. BidaskClub upgraded HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded HDFC Bank Limited from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley upgraded HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $108.00.

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.

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

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