C WorldWide Group Holding A S Sells 1,205,203 Shares of HDFC Bank Limited (NYSE:HDB)

C WorldWide Group Holding A S decreased its position in HDFC Bank Limited (NYSE:HDB) by 44.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,479,557 shares of the bank’s stock after selling 1,205,203 shares during the period. HDFC Bank Limited makes up about 2.0% of C WorldWide Group Holding A S’s portfolio, making the stock its 14th largest position. C WorldWide Group Holding A S’s holdings in HDFC Bank Limited were worth $128,677,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes 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 in the last quarter. Egerton Capital UK LLP bought a new position in shares of HDFC Bank Limited during the second quarter valued at approximately $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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Hedge funds and other institutional investors own 18.94% of the company’s stock.

Shares of HDFC Bank Limited (NYSE:HDB) opened at 94.48 on Friday. HDFC Bank Limited has a 12-month low of $59.00 and a 12-month high of $99.77. The stock has a 50 day moving average price of $92.02 and a 200 day moving average price of $81.29. The firm has a market capitalization of $484.22 billion, a P/E ratio of 204.95 and a beta of 0.87.

The company also recently declared a None dividend, which was paid on Thursday, August 3rd. Stockholders of record on Thursday, June 29th were issued a $0.494 dividend. The ex-dividend date was Tuesday, June 27th.

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HDB has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of HDFC Bank Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. BidaskClub downgraded HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Morgan Stanley raised HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC raised HDFC Bank Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. HDFC Bank Limited has a consensus 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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Institutional Ownership by Quarter for HDFC Bank Limited (NYSE:HDB)

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