Loomis Sayles & Co. L P Acquires 11,854 Shares of HDFC Bank Limited (HDB)

Loomis Sayles & Co. L P raised its stake in shares of HDFC Bank Limited (NYSE:HDB) by 4.5% during the fourth quarter, Holdings Channel reports. The fund owned 273,535 shares of the company’s stock after buying an additional 11,854 shares during the period. Loomis Sayles & Co. L P’s holdings in HDFC Bank Limited were worth $16,598,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Flow Traders U.S. LLC acquired a new stake in shares of HDFC Bank Limited during the second quarter valued at approximately $100,000. MSI Financial Services Inc boosted its stake in shares of HDFC Bank Limited by 1.9% in the third quarter. MSI Financial Services Inc now owns 1,485 shares of the company’s stock valued at $107,000 after buying an additional 28 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of HDFC Bank Limited during the third quarter valued at approximately $173,000. Daiwa SB Investments Ltd. boosted its stake in shares of HDFC Bank Limited by 63.2% in the third quarter. Daiwa SB Investments Ltd. now owns 3,100 shares of the company’s stock valued at $223,000 after buying an additional 1,200 shares during the last quarter. Finally, Bluefin Trading LLC acquired a new stake in shares of HDFC Bank Limited during the second quarter valued at approximately $299,000. Institutional investors own 18.16% of the company’s stock.

Shares of HDFC Bank Limited (NYSE:HDB) traded down 0.83% during mid-day trading on Friday, hitting $71.52. 381,029 shares of the company’s stock traded hands. HDFC Bank Limited has a 52 week low of $52.54 and a 52 week high of $74.04. The firm has a 50-day moving average of $67.99 and a 200 day moving average of $68.38. The company has a market cap of $364.13 billion, a PE ratio of 179.02 and a beta of 1.14.

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Separately, Nomura cut shares of HDFC Bank Limited from a “buy” rating to a “neutral” rating in a research report on Monday, January 30th.

About HDFC Bank Limited

HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

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