DekaBank Deutsche Girozentrale raised its stake in HDFC Bank Limited (NYSE:HDB) by 12.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,526 shares of the bank’s stock after purchasing an additional 3,000 shares during the period. DekaBank Deutsche Girozentrale’s holdings in HDFC Bank Limited were worth $2,646,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Financial Counselors Inc. boosted its holdings in HDFC Bank Limited by 0.8% in the 2nd quarter. Financial Counselors Inc. now owns 5,791 shares of the bank’s stock valued at $504,000 after purchasing an additional 46 shares during the period. Huntington National Bank boosted its holdings in HDFC Bank Limited by 4.9% in the 2nd quarter. Huntington National Bank now owns 1,730 shares of the bank’s stock valued at $150,000 after purchasing an additional 81 shares during the period. Trillium Asset Management LLC raised its stake in shares of HDFC Bank Limited by 0.3% in the 2nd quarter. Trillium Asset Management LLC now owns 36,636 shares of the bank’s stock valued at $3,186,000 after buying an additional 115 shares in the last quarter. Creative Planning raised its stake 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 valued at $158,000 after buying an additional 121 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in shares of HDFC Bank Limited by 1.1% in the 2nd quarter. Bahl & Gaynor Inc. now owns 11,160 shares of the bank’s stock valued at $677,000 after buying an additional 124 shares in the last quarter. 17.72% of the stock is owned by hedge funds and other institutional investors.

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HDFC Bank Limited (NYSE HDB) opened at $96.68 on Wednesday. HDFC Bank Limited has a one year low of $59.00 and a one year high of $100.26. The stock has a market cap of $82,445.64, a price-to-earnings ratio of 36.29, a PEG ratio of 1.10 and a beta of 0.83. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.71.

HDB has been the subject of a number of recent research reports. Zacks Investment Research cut shares of HDFC Bank Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Jefferies Group LLC upgraded shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a research note 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 note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price 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.

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

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