Vontobel Asset Management Inc. reduced its position in shares of HDFC Bank Ltd. (NYSE:HDB) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,469,812 shares of the company’s stock after selling 342,900 shares during the period. HDFC Bank accounts for about 2.0% of Vontobel Asset Management Inc.’s holdings, making the stock its 19th largest position. Vontobel Asset Management Inc. owned approximately 0.07% of HDFC Bank worth $258,575,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in shares of HDFC Bank by 3.5% in the second quarter. Fisher Asset Management LLC now owns 8,218,584 shares of the company’s stock worth $559,110,000 after buying an additional 275,000 shares during the last quarter. WCM Investment Management CA raised its position in shares of HDFC Bank by 5.4% in the second quarter. WCM Investment Management CA now owns 5,596,839 shares of the company’s stock worth $371,350,000 after buying an additional 288,833 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of HDFC Bank by 20.9% in the second quarter. William Blair Investment Management LLC now owns 2,905,335 shares of the company’s stock worth $192,769,000 after buying an additional 502,672 shares during the last quarter. Royal Bank of Canada raised its position in shares of HDFC Bank by 31.1% in the second quarter. Royal Bank of Canada now owns 2,781,565 shares of the company’s stock worth $184,558,000 after buying an additional 660,250 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in shares of HDFC Bank during the second quarter worth approximately $154,221,000. Hedge funds and other institutional investors own 17.68% of the company’s stock.

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

HDFC Bank Ltd. (NYSE:HDB) traded down 3.21% on Monday, hitting $62.50. The stock had a trading volume of 1,574,156 shares. The company has a 50 day moving average of $70.67 and a 200 day moving average of $68.66. HDFC Bank Ltd. has a 12-month low of $51.11 and a 12-month high of $74.04. The company has a market capitalization of $316.02 billion, a PE ratio of 167.34 and a beta of 1.32.

Separately, Goldman Sachs Group Inc. restated a “buy” rating on shares of HDFC Bank in a research report on Wednesday, September 14th.

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.

5 Day Chart for NYSE:HDB

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