ClariVest Asset Management LLC reduced its position in HDFC Bank Limited (NYSE:HDB) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 251,690 shares of the bank’s stock after selling 1,000 shares during the quarter. ClariVest Asset Management LLC’s holdings in HDFC Bank were worth $26,073,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of HDFC Bank by 3.6% in the 3rd quarter. FMR LLC now owns 13,647,474 shares of the bank’s stock worth $1,284,227,000 after purchasing an additional 470,344 shares in the last quarter. WCM Investment Management CA boosted its holdings in shares of HDFC Bank by 4.0% in the 3rd quarter. WCM Investment Management CA now owns 9,197,532 shares of the bank’s stock worth $865,488,000 after purchasing an additional 353,563 shares in the last quarter. Capital Research Global Investors boosted its holdings in HDFC Bank by 205.4% during the 3rd quarter. Capital Research Global Investors now owns 8,521,927 shares of the bank’s stock valued at $801,913,000 after acquiring an additional 5,731,211 shares during the period. Fisher Asset Management LLC boosted its holdings in HDFC Bank by 0.7% during the 4th quarter. Fisher Asset Management LLC now owns 4,422,987 shares of the bank’s stock valued at $458,177,000 after acquiring an additional 29,869 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in HDFC Bank by 0.6% during the 3rd quarter. Schroder Investment Management Group now owns 3,806,810 shares of the bank’s stock valued at $358,221,000 after acquiring an additional 20,841 shares during the period. Hedge funds and other institutional investors own 18.90% of the company’s stock.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, November 30th. TheStreet upgraded HDFC Bank from a “c+” rating to a “b-” rating in a report on Monday, December 31st.
Shares of HDB stock opened at $100.29 on Monday. The stock has a market cap of $86.38 billion, a P/E ratio of 32.25, a P/E/G ratio of 1.22 and a beta of 0.60. HDFC Bank Limited has a 1-year low of $85.43 and a 1-year high of $112.10.
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HDFC Bank Company Profile
HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.
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