Ashmore Group Plc Maintains Holding in Hdfc Bank LTD (HDB)

February 15, 2018 - By Ellis Scott

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 $216.65 million 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: Nasdaq.com, which released: “Asian ADRs Move Higher in Thursday Trading” on February 15, 2018. Seekingalpha.com‘s article titled: “Matthews Asia Innovators Fund Inv (MATFX) January Summary” and published on February 13, 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. On Thursday, August 27 the stock rating was downgraded by Zacks to “Hold”. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, March 21. On Wednesday, September 14 the stock rating was maintained by Goldman Sachs with “Buy”. The stock has “Sell” rating by Zacks on Wednesday, September 2. Zacks upgraded the stock to “Hold” rating in Monday, September 21 report.

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