Teacher Retirement System of Texas acquired a new position in HDFC Bank Limited (NYSE:HDB) during the third quarter, according to its most recent filing with the SEC. The firm acquired 29,433 shares of the bank’s stock, valued at approximately $2,836,000.

Several other hedge funds have also modified their holdings of HDB. Vanguard Group Inc. grew its position in shares of HDFC Bank Limited by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 969,999 shares of the bank’s stock worth $72,964,000 after buying an additional 132,310 shares during the last quarter. AQR Capital Management LLC grew its position in shares of HDFC Bank Limited by 14.9% in the 1st quarter. AQR Capital Management LLC now owns 42,236 shares of the bank’s stock worth $3,177,000 after buying an additional 5,484 shares during the last quarter. Creative Planning grew its position in shares of HDFC Bank Limited by 7.1% in the 2nd quarter. Creative Planning now owns 1,821 shares of the bank’s stock worth $158,000 after buying an additional 121 shares during the last quarter. Aperio Group LLC grew its position in shares of HDFC Bank Limited by 1.9% in the 2nd quarter. Aperio Group LLC now owns 88,015 shares of the bank’s stock worth $7,655,000 after buying an additional 1,677 shares during the last quarter. Finally, Sit Investment Associates Inc. grew its position in shares of HDFC Bank Limited by 5.8% in the 2nd quarter. Sit Investment Associates Inc. now owns 4,075 shares of the bank’s stock worth $354,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 17.72% of the company’s stock.

A number of brokerages have recently weighed in on HDB. Zacks Investment Research lowered HDFC Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Morgan Stanley upgraded HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 25th. Jefferies Group LLC upgraded HDFC Bank Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, BidaskClub upgraded HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. HDFC Bank Limited presently has an average rating of “Buy” and a consensus price target of $110.00.

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Shares of HDFC Bank Limited (NYSE:HDB) opened at $96.52 on Tuesday. The firm has a market capitalization of $72,620.00, a P/E ratio of 36.47, a PEG ratio of 1.11 and a beta of 0.82. HDFC Bank Limited has a 1 year low of $59.00 and a 1 year high of $100.26. 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 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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