Hdfc Bank LTD (HDB) Position Boosted by Ashmore Group Plc

February 15, 2018 - By Marie Mckinney

Ashmore Group Plc increased its stake in Hdfc Bank Ltd (HDB) by 59.25% based on its latest 2017Q3 regulatory filing with the SEC. Ashmore Group Plc bought 31,531 shares as the company’s stock rose 20.33% with the market. The institutional investor held 84,746 shares of the commercial banks company at the end of 2017Q3, valued at $8.17M, up from 53,215 at the end of the previous reported quarter. Ashmore Group Plc who had been investing in Hdfc Bank Ltd for a number of months, seems to be bullish on the $75.84B market cap company. The stock decreased 0.72% or $0.74 during the last trading session, reaching $101.48. About 385,473 shares traded. HDFC Bank Limited (NYSE:HDB) has risen 36.23% since February 15, 2017 and is uptrending. It has outperformed by 19.53% the S&P500.

Ashmore Group Plc, which manages about $216.65M US Long portfolio, decreased its stake in Pampa Energia S A (NYSE:PAM) by 68,817 shares to 179,138 shares, valued at $11.66M in 2017Q3, according to the filing.

More news for HDFC Bank Limited (NYSE:HDB) were recently published by: Seekingalpha.com, which released: “Matthews Asia Innovators Fund Inv (MATFX) January Summary” on February 13, 2018. Nasdaq.com‘s article titled: “Asian ADRs Move Higher in Thursday Trading” and published on February 15, 2018 is yet another important article.

HDFC Bank Limited (NYSE:HDB) Ratings Coverage

Among 3 analysts covering HDFC Bank Limited (NYSE:HDB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. Zacks downgraded the shares of HDB in report on Thursday, August 27 to “Hold” rating. The firm earned “Equal-Weight” rating on Tuesday, March 21 by Morgan Stanley. The firm earned “Hold” rating on Monday, September 21 by Zacks. Goldman Sachs maintained HDFC Bank Limited (NYSE:HDB) on Wednesday, September 14 with “Buy” rating. The firm has “Sell” rating given on Wednesday, September 2 by Zacks.

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