JPMorgan Chase & Co. Purchases 207,884 Shares of HDFC Bank Limited (NYSE:HDB)

JPMorgan Chase & Co. lifted its stake in HDFC Bank Limited (NYSE:HDB) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,906,721 shares of the bank’s stock after acquiring an additional 207,884 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.95% of HDFC Bank worth $2,625,500,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in shares of HDFC Bank by 61.8% in the first quarter. Commonwealth Equity Services LLC now owns 5,022 shares of the bank’s stock valued at $390,000 after buying an additional 1,918 shares in the last quarter. Bank of Nova Scotia increased its position in HDFC Bank by 27.2% during the 1st quarter. Bank of Nova Scotia now owns 5,300 shares of the bank’s stock valued at $412,000 after purchasing an additional 1,132 shares during the period. Sowell Financial Services LLC lifted its stake in shares of HDFC Bank by 667.4% in the 1st quarter. Sowell Financial Services LLC now owns 5,080 shares of the bank’s stock valued at $358,000 after purchasing an additional 4,418 shares during the period. BlackRock Inc. increased its stake in HDFC Bank by 36.1% in the first quarter. BlackRock Inc. now owns 2,903,521 shares of the bank’s stock valued at $225,574,000 after purchasing an additional 770,360 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in HDFC Bank by 3.1% in the 1st quarter. Advisors Asset Management Inc. now owns 10,636 shares of the bank’s stock valued at $826,000 after buying an additional 322 shares in the last quarter. Institutional investors own 17.54% of the company’s stock.

Separately, Zacks Investment Research upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note on Monday, August 30th.

HDB traded up $0.85 during trading on Monday, reaching $74.50. The stock had a trading volume of 40,884 shares, compared to its average volume of 1,451,032. The stock has a market cap of $136.90 billion, a PE ratio of 30.69, a PEG ratio of 1.28 and a beta of 0.77. The business has a 50-day moving average of $74.39 and a 200-day moving average of $74.41. HDFC Bank Limited has a one year low of $47.53 and a one year high of $84.70. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.39 and a current ratio of 0.39.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Sunday, July 18th. The bank reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.02. The business had revenue of $3.35 billion for the quarter. HDFC Bank had a net margin of 20.64% and a return on equity of 15.71%. Equities research analysts forecast that HDFC Bank Limited will post 2.72 EPS for the current fiscal year.

About HDFC Bank

HDFC Bank Ltd. engages in the provision of banking and financial services, including commercial banking and treasury operations. The firm also provides financial services to upper and middle income individuals and corporations in India. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking and Other Banking Operations.

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

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