Earnest Partners LLC decreased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 7.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,707,777 shares of the bank’s stock after selling 143,033 shares during the quarter. HDFC Bank comprises about 1.7% of Earnest Partners LLC’s holdings, making the stock its 6th biggest position. Earnest Partners LLC’s holdings in HDFC Bank were worth $173,630,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Harding Loevner LP grew its holdings in shares of HDFC Bank by 2,141.9% in the third quarter. Harding Loevner LP now owns 78,647,160 shares of the bank’s stock valued at $248,755,000 after purchasing an additional 75,139,157 shares during the period. WCM Investment Management CA grew its holdings in shares of HDFC Bank by 6.8% in the fourth quarter. WCM Investment Management CA now owns 8,016,441 shares of the bank’s stock valued at $815,031,000 after purchasing an additional 508,605 shares during the period. Fisher Asset Management LLC grew its holdings in shares of HDFC Bank by 0.9% in the fourth quarter. Fisher Asset Management LLC now owns 7,927,747 shares of the bank’s stock valued at $806,014,000 after purchasing an additional 67,064 shares during the period. Schroder Investment Management Group grew its holdings in shares of HDFC Bank by 2.8% in the fourth quarter. Schroder Investment Management Group now owns 4,248,844 shares of the bank’s stock valued at $431,981,000 after purchasing an additional 117,565 shares during the period. Finally, Artisan Partners Limited Partnership grew its holdings in shares of HDFC Bank by 19.6% in the third quarter. Artisan Partners Limited Partnership now owns 3,350,974 shares of the bank’s stock valued at $322,933,000 after purchasing an additional 548,882 shares during the period. 17.40% of the stock is owned by hedge funds and other institutional investors.
HDFC Bank Limited (NYSE:HDB) opened at $95.86 on Monday. The firm has a market cap of $83,023.79, a PE ratio of 36.24, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. HDFC Bank Limited has a 12 month low of $72.02 and a 12 month high of $110.77.
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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.
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