Ashmore Group Plc Has Upped Position in Hdfc Bank LTD (HDB) by $3.03 Million

March 13, 2018 - By Richard Conner

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 $8.17 million, 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 $75.07B market cap company. The stock increased 0.43% or $0.415 during the last trading session, reaching $97.865. About 508,234 shares traded. HDFC Bank Limited (NYSE:HDB) has risen 36.23% since March 13, 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 $11.66 million in 2017Q3, according to the filing.

More recent HDFC Bank Limited (NYSE:HDB) news were published by: which released: “HDFC Bank Ltd. ADR” on July 03, 2016. Also published the news titled: “Asian ADRs Move Higher in Tuesday Trading” on March 13, 2018.‘s news article titled: “Avis, HDFC Bank, Lululemon, Tenet Health: Fast Money Picks For June 27” with publication date: June 27, 2017 was also an interesting one.

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. As per Wednesday, September 2, the company rating was downgraded by Zacks. Zacks downgraded the shares of HDB in report on Thursday, August 27 to “Hold” rating. The stock has “Hold” rating by Zacks on Monday, September 21. The stock of HDFC Bank Limited (NYSE:HDB) has “Equal-Weight” rating given on Tuesday, March 21 by Morgan Stanley. Goldman Sachs maintained the stock with “Buy” rating in Wednesday, September 14 report.

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