Amundi Pioneer Asset Management Inc. Sells 6,257 Shares of HDFC Bank Limited (HDB)

Amundi Pioneer Asset Management Inc. reduced its position in HDFC Bank Limited (NYSE:HDB) by 8.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 69,902 shares of the bank’s stock after selling 6,257 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in HDFC Bank were worth $7,240,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of HDB. Oppenheimer & Co. Inc. bought a new position in shares of HDFC Bank during the fourth quarter worth approximately $286,000. Trilogy Global Advisors LP increased its holdings in shares of HDFC Bank by 2.2% during the third quarter. Trilogy Global Advisors LP now owns 657,193 shares of the bank’s stock worth $61,842,000 after purchasing an additional 14,424 shares during the period. Rehmann Capital Advisory Group increased its holdings in shares of HDFC Bank by 10,112.2% during the third quarter. Rehmann Capital Advisory Group now owns 109,985 shares of the bank’s stock worth $1,168,000 after purchasing an additional 108,908 shares during the period. Bank Pictet & Cie Asia Ltd. increased its holdings in shares of HDFC Bank by 74.2% during the fourth quarter. Bank Pictet & Cie Asia Ltd. now owns 37,975 shares of the bank’s stock worth $1,154,000 after purchasing an additional 16,180 shares during the period. Finally, Calamos Advisors LLC increased its holdings in shares of HDFC Bank by 311.9% during the fourth quarter. Calamos Advisors LLC now owns 49,800 shares of the bank’s stock worth $5,159,000 after purchasing an additional 73,300 shares during the period. Institutional investors and hedge funds own 19.15% of the company’s stock.

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

NYSE:HDB traded up $0.71 during mid-day trading on Monday, reaching $114.14. The stock had a trading volume of 312,300 shares, compared to its average volume of 669,319. The stock has a market capitalization of $97.70 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of 1.09 and a beta of 0.60. HDFC Bank Limited has a 12 month low of $85.43 and a 12 month high of $116.25.

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HDFC Bank 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.

Read More: Outstanding Shares, Buying and Selling Stocks

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

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