ClariVest Asset Management LLC Decreases Stake in HDFC Bank Limited (HDB)

ClariVest Asset Management LLC lowered its position in HDFC Bank Limited (NYSE:HDB) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 251,690 shares of the bank’s stock after selling 1,000 shares during the period. ClariVest Asset Management LLC’s holdings in HDFC Bank were worth $26,073,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. FMR LLC raised its position 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 acquiring an additional 470,344 shares in the last quarter. WCM Investment Management CA raised its position 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 acquiring an additional 353,563 shares in the last quarter. Capital Research Global Investors raised its position in shares of HDFC Bank by 205.4% in the 3rd quarter. Capital Research Global Investors now owns 8,521,927 shares of the bank’s stock worth $801,913,000 after acquiring an additional 5,731,211 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of HDFC Bank by 0.7% in the 4th quarter. Fisher Asset Management LLC now owns 4,422,987 shares of the bank’s stock worth $458,177,000 after acquiring an additional 29,869 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of HDFC Bank by 0.6% in the 3rd quarter. Schroder Investment Management Group now owns 3,806,810 shares of the bank’s stock worth $358,221,000 after acquiring an additional 20,841 shares in the last quarter. 18.90% of the stock is owned by hedge funds and other institutional investors.

HDB stock opened at $100.29 on Monday. HDFC Bank Limited has a twelve month low of $85.43 and a twelve month high of $112.10. The company 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.

HDB has been the subject of several research reports. TheStreet raised HDFC Bank from a “c+” rating to a “b-” rating in a research report on Monday, December 31st. Zacks Investment Research raised HDFC Bank from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Friday, December 21st.

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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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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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