HDFC Bank Limited (HDB) Stake Raised by Schroder Investment Management Group

Schroder Investment Management Group boosted its stake in HDFC Bank Limited (NYSE:HDB) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,248,844 shares of the bank’s stock after acquiring an additional 117,565 shares during the period. HDFC Bank comprises approximately 0.7% of Schroder Investment Management Group’s portfolio, making the stock its 21st largest position. Schroder Investment Management Group owned approximately 0.50% of HDFC Bank worth $431,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Montag A & Associates Inc. purchased a new stake in HDFC Bank in the fourth quarter valued at $645,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in HDFC Bank by 1.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 254,730 shares of the bank’s stock valued at $25,898,000 after acquiring an additional 2,495 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in HDFC Bank by 197.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 16,989 shares of the bank’s stock valued at $1,728,000 after acquiring an additional 11,283 shares during the last quarter. Wells Fargo & Company MN lifted its position in HDFC Bank by 1.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,349,763 shares of the bank’s stock valued at $137,231,000 after acquiring an additional 19,979 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in HDFC Bank by 7.6% in the fourth quarter. First Trust Advisors LP now owns 298,368 shares of the bank’s stock valued at $30,335,000 after acquiring an additional 21,192 shares during the last quarter. 17.44% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Limited (NYSE:HDB) traded down $0.82 during midday trading on Friday, reaching $100.44. 15,758 shares of the company’s stock were exchanged, compared to its average volume of 687,672. The firm has a market capitalization of $87,314.48, a price-to-earnings ratio of 38.07, a PEG ratio of 1.15 and a beta of 0.91. HDFC Bank Limited has a one year low of $70.23 and a one year high of $110.77.

Separately, Zacks Investment Research cut shares of HDFC Bank from a “buy” rating to a “sell” rating in a research report on Wednesday, October 25th.

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About HDFC Bank

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.

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

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