Franklin Resources Inc. Has $123.18 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Franklin Resources Inc. cut its position in shares of HDFC Bank Limited (NYSE:HDBGet Rating) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,241,221 shares of the bank’s stock after selling 92,363 shares during the quarter. Franklin Resources Inc.’s holdings in HDFC Bank were worth $123,177,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in HDFC Bank by 5.2% during the second quarter. Principal Financial Group Inc. now owns 1,153,881 shares of the bank’s stock worth $63,417,000 after purchasing an additional 56,869 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in HDFC Bank by 80.5% during the second quarter. O Shaughnessy Asset Management LLC now owns 42,904 shares of the bank’s stock worth $2,358,000 after purchasing an additional 19,135 shares during the period. Brinker Capital Investments LLC lifted its stake in HDFC Bank by 14.0% during the second quarter. Brinker Capital Investments LLC now owns 92,798 shares of the bank’s stock worth $5,100,000 after purchasing an additional 11,407 shares during the period. Atria Investments LLC lifted its stake in HDFC Bank by 10.7% during the second quarter. Atria Investments LLC now owns 47,323 shares of the bank’s stock worth $2,601,000 after purchasing an additional 4,569 shares during the period. Finally, Advisor Group Holdings Inc. lifted its stake in HDFC Bank by 5.2% during the first quarter. Advisor Group Holdings Inc. now owns 37,825 shares of the bank’s stock worth $2,353,000 after purchasing an additional 1,882 shares during the period. 17.59% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Up 1.1 %

Shares of HDB opened at $68.72 on Thursday. The stock has a market cap of $127.03 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 1.18 and a beta of 0.79. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.96. HDFC Bank Limited has a 12 month low of $50.61 and a 12 month high of $72.20. The company has a 50-day moving average price of $62.16 and a two-hundred day moving average price of $59.94.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of HDFC Bank in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

About HDFC Bank

(Get Rating)

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company accepts savings, salary, current, rural, public provident fund, pension, and Demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, overdrafts against fixed deposits, and sweep-in facilities.

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

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