BB&T Corp Invests $390,000 in HDFC Bank Limited (HDB)

BB&T Corp bought a new position in shares of HDFC Bank Limited (NYSE:HDB) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,038 shares of the bank’s stock, valued at approximately $390,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Interstate Bank bought a new stake in shares of HDFC Bank Limited during the second quarter worth $103,000. Parallel Advisors LLC grew its stake in shares of HDFC Bank Limited by 14.8% during the second quarter. Parallel Advisors LLC now owns 1,469 shares of the bank’s stock worth $142,000 after buying an additional 189 shares during the last quarter. Independent Portfolio Consultants Inc. grew its stake in shares of HDFC Bank Limited by 744.5% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,689 shares of the bank’s stock worth $147,000 after buying an additional 1,489 shares during the last quarter. Huntington National Bank grew its stake in shares of HDFC Bank Limited by 4.9% during the second quarter. Huntington National Bank now owns 1,730 shares of the bank’s stock worth $150,000 after buying an additional 81 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of HDFC Bank Limited during the second quarter worth $156,000. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

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HDB has been the topic of a number of research reports. Zacks Investment Research raised shares of HDFC Bank Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub raised shares of HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Morgan Stanley raised shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $110.00.

HDFC Bank Limited 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.

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

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