Trillium Asset Management LLC increased its stake in HDFC Bank Limited (NYSE:HDB) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 36,636 shares of the bank’s stock after buying an additional 115 shares during the period. Trillium Asset Management LLC’s holdings in HDFC Bank Limited were worth $3,186,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Legato Capital Management LLC raised its position 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 valued at $66,500,000 after buying an additional 4,935,630 shares during the period. Egerton Capital UK LLP bought a new position in shares of HDFC Bank Limited during the second quarter valued at about $196,127,000. Artisan Partners Limited Partnership raised its position 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 valued at $197,191,000 after buying an additional 1,145,201 shares during the period. Morgan Stanley raised its position 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 valued at $206,283,000 after buying an additional 795,897 shares during the period. Finally, JPMorgan Chase & Co. raised its position 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 valued at $1,059,495,000 after buying an additional 538,265 shares during the period. Institutional investors own 18.72% of the company’s stock.

Shares of HDFC Bank Limited (NYSE:HDB) opened at 95.64 on Wednesday. HDFC Bank Limited has a 52-week low of $59.00 and a 52-week high of $99.77. The stock has a market capitalization of $490.16 billion, a price-to-earnings ratio of 207.46 and a beta of 0.87. The firm’s 50-day moving average is $92.63 and its 200 day moving average is $82.07.

The firm also recently disclosed a None dividend, which was paid on Thursday, August 3rd. Shareholders of record on Thursday, June 29th were paid 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 several research reports. BidaskClub lowered shares of HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded shares of HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Wednesday, June 21st. Jefferies Group LLC upgraded shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Morgan Stanley upgraded shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus 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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