HDFC Bank Limited (HDB) Holdings Boosted by Stifel Financial Corp

Stifel Financial Corp raised its position in HDFC Bank Limited (NYSE:HDB) by 17.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,891 shares of the bank’s stock after buying an additional 5,110 shares during the quarter. Stifel Financial Corp’s holdings in HDFC Bank Limited were worth $3,019,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First Interstate Bank bought a new position in HDFC Bank Limited in the 2nd quarter valued at about $103,000. Parallel Advisors LLC increased its holdings in HDFC Bank Limited by 14.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,469 shares of the bank’s stock valued at $142,000 after buying an additional 189 shares during the period. Independent Portfolio Consultants Inc. increased its holdings in HDFC Bank Limited by 744.5% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,689 shares of the bank’s stock valued at $147,000 after buying an additional 1,489 shares during the period. Huntington National Bank increased 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 buying an additional 81 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new position in HDFC Bank Limited in the 2nd quarter valued at about $156,000. 17.72% of the stock is currently owned by hedge funds and other institutional investors.

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HDB has been the topic of several recent analyst reports. Jefferies Group LLC raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Friday, July 21st. Finally, BidaskClub downgraded shares of HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $110.00.

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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