Earnest Partners LLC cut its stake in shares of HDFC Bank Limited (NYSE:HDB) by 7.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,707,777 shares of the bank’s stock after selling 143,033 shares during the period. HDFC Bank comprises about 1.7% of Earnest Partners LLC’s holdings, making the stock its 6th biggest holding. Earnest Partners LLC owned 0.20% of HDFC Bank worth $173,630,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the business. HBK Investments L P raised its position in HDFC Bank by 240.1% during the fourth quarter. HBK Investments L P now owns 19,595 shares of the bank’s stock worth $1,992,000 after acquiring an additional 13,834 shares during the period. Viking Global Investors LP grew its holdings in shares of HDFC Bank by 14.8% during the fourth quarter. Viking Global Investors LP now owns 660,838 shares of the bank’s stock worth $67,187,000 after buying an additional 85,355 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of HDFC Bank by 12.3% during the fourth quarter. Guggenheim Capital LLC now owns 41,113 shares of the bank’s stock worth $4,180,000 after buying an additional 4,499 shares in the last quarter. Martin Currie Ltd. grew its holdings in shares of HDFC Bank by 109.3% during the fourth quarter. Martin Currie Ltd. now owns 1,268,491 shares of the bank’s stock worth $128,968,000 after buying an additional 662,497 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of HDFC Bank by 0.7% during the fourth quarter. Franklin Resources Inc. now owns 458,000 shares of the bank’s stock worth $46,564,000 after buying an additional 2,989 shares in the last quarter. Institutional investors own 17.40% of the company’s stock.
Separately, Zacks Investment Research raised shares of HDFC Bank from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Monday, January 1st.
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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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