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.
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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