Russell Investments Group Ltd. lowered its stake in HDFC Bank Limited (NYSE:HDB) by 0.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,421,205 shares of the bank’s stock after selling 3,721 shares during the quarter. Russell Investments Group Ltd. owned about 0.28% of HDFC Bank Limited worth $233,293,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in HDFC Bank Limited by 4.1% during the 2nd quarter. FMR LLC now owns 14,824,081 shares of the bank’s stock valued at $1,289,251,000 after purchasing an additional 589,126 shares during the period. WCM Investment Management CA raised its stake in HDFC Bank Limited by 2.6% during the 3rd quarter. WCM Investment Management CA now owns 7,507,836 shares of the bank’s stock valued at $723,531,000 after purchasing an additional 193,290 shares during the period. Harding Loevner LP raised its stake in HDFC Bank Limited by 177.5% during the 2nd quarter. Harding Loevner LP now owns 3,508,003 shares of the bank’s stock valued at $305,091,000 after purchasing an additional 2,244,012 shares during the period. Fiera Capital Corp raised its stake in HDFC Bank Limited by 6.2% during the 2nd quarter. Fiera Capital Corp now owns 3,000,120 shares of the bank’s stock valued at $260,920,000 after purchasing an additional 175,582 shares during the period. Finally, Artisan Partners Limited Partnership raised its stake in HDFC Bank Limited by 6.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,802,092 shares of the bank’s stock valued at $243,698,000 after purchasing an additional 180,565 shares during the period. 17.78% of the stock is currently owned by hedge funds and other institutional investors.

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HDFC Bank Limited (NYSE:HDB) traded down $0.65 during midday trading on Wednesday, reaching $92.96. The company’s stock had a trading volume of 422,100 shares, compared to its average volume of 726,958. The stock has a market cap of $79,959.98, a PE ratio of 35.19, a PEG ratio of 1.07 and a beta of 0.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.91 and a quick ratio of 0.91. HDFC Bank Limited has a fifty-two week low of $59.00 and a fifty-two week high of $100.26.

Several brokerages recently issued reports on HDB. Zacks Investment Research downgraded HDFC Bank Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Jefferies Group LLC raised HDFC Bank Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley raised HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $110.00.

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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