Rational Advisors LLC held its position in HDFC Bank Limited (NYSE:HDB) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,700 shares of the bank’s stock at the end of the second quarter. Rational Advisors LLC’s holdings in HDFC Bank Limited were worth $148,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Legato Capital Management LLC boosted 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 worth $66,500,000 after buying an additional 4,935,630 shares during the period. Egerton Capital UK LLP purchased a new position in shares of HDFC Bank Limited during the second quarter worth approximately $196,127,000. Artisan Partners Limited Partnership boosted 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 worth $197,191,000 after buying an additional 1,145,201 shares during the period. Morgan Stanley boosted 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 worth $206,283,000 after buying an additional 795,897 shares during the period. Finally, JPMorgan Chase & Co. boosted 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 worth $1,059,495,000 after buying an additional 538,265 shares during the period. Institutional investors and hedge funds own 18.72% of the company’s stock.
HDFC Bank Limited (NYSE HDB) opened at 95.64 on Wednesday. HDFC Bank Limited has a one year low of $59.00 and a one year high of $99.77. The company’s 50-day moving average price is $92.63 and its 200-day moving average price is $82.07. The stock has a market capitalization of $490.16 billion, a PE ratio of 207.46 and a beta of 0.87.
The company also recently declared a None dividend, which was paid on Thursday, August 3rd. Shareholders of record on Thursday, June 29th were paid a dividend of $0.494 per share. The ex-dividend date was Tuesday, June 27th.
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A number of brokerages recently commented on HDB. Zacks Investment Research cut HDFC Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley upgraded HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 25th. Jefferies Group LLC upgraded HDFC Bank Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, BidaskClub upgraded HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Two 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. HDFC Bank Limited presently has an average rating of “Buy” and a consensus price target of $103.00.
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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