Jacobson & Schmitt Advisors LLC raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,410 shares of the bank’s stock after acquiring an additional 2,381 shares during the period. HDFC Bank makes up 4.5% of Jacobson & Schmitt Advisors LLC’s portfolio, making the stock its 8th biggest position. Jacobson & Schmitt Advisors LLC’s holdings in HDFC Bank were worth $7,726,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Osborn Williams & Donohoe LLC purchased a new stake in shares of HDFC Bank in the first quarter worth about $113,000. Park Avenue Securities LLC boosted its position in shares of HDFC Bank by 11.3% in the second quarter. Park Avenue Securities LLC now owns 5,628 shares of the bank’s stock worth $732,000 after buying an additional 572 shares during the period. Pendal Group Ltd boosted its position in shares of HDFC Bank by 74.8% in the first quarter. Pendal Group Ltd now owns 542,021 shares of the bank’s stock worth $62,826,000 after buying an additional 231,865 shares during the period. Private Capital Group LLC boosted its position in shares of HDFC Bank by 21.4% in the first quarter. Private Capital Group LLC now owns 2,271 shares of the bank’s stock worth $263,000 after buying an additional 401 shares during the period. Finally, Lindbrook Capital LLC boosted its position in shares of HDFC Bank by 40.9% in the first quarter. Lindbrook Capital LLC now owns 355 shares of the bank’s stock worth $41,000 after buying an additional 103 shares during the period. 19.26% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:HDB traded up $0.22 during trading on Wednesday, hitting $109.61. The company’s stock had a trading volume of 11,164 shares, compared to its average volume of 933,290. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 0.96. HDFC Bank Limited has a fifty-two week low of $85.43 and a fifty-two week high of $131.78. The stock’s 50-day moving average price is $118.67 and its two-hundred day moving average price is $115.55. The company has a market capitalization of $94.42 billion, a PE ratio of 33.04, a PEG ratio of 1.22 and a beta of 0.43.

Several equities research analysts have recently weighed in on the company. Nomura downgraded HDFC Bank from a “buy” rating to a “neutral” rating and set a $128.63 target price for the company. in a research report on Tuesday, June 11th. Zacks Investment Research cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Tuesday.

HDFC Bank Company Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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

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