HDFC Bank Limited (HDB) Position Cut by Marsico Capital Management LLC

Marsico Capital Management LLC reduced its position in HDFC Bank Limited (NYSE:HDB) by 39.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,122 shares of the bank’s stock after selling 12,017 shares during the period. Marsico Capital Management LLC’s holdings in HDFC Bank were worth $1,877,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Intermede Investment Partners Ltd raised its holdings in HDFC Bank by 133.9% in the 4th quarter. Intermede Investment Partners Ltd now owns 36,522 shares of the bank’s stock valued at $3,783,000 after acquiring an additional 20,906 shares during the period. Charles Lim Capital Ltd increased its holdings in shares of HDFC Bank by 4.5% during the fourth quarter. Charles Lim Capital Ltd now owns 1,612,556 shares of the bank’s stock worth $167,045,000 after purchasing an additional 69,974 shares during the period. DSM Capital Partners LLC increased its holdings in shares of HDFC Bank by 17.7% during the fourth quarter. DSM Capital Partners LLC now owns 924,341 shares of the bank’s stock worth $95,752,000 after purchasing an additional 138,787 shares during the period. Castle Hook Partners LP bought a new position in shares of HDFC Bank during the fourth quarter worth approximately $33,995,000. Finally, Nomura Holdings Inc. increased its holdings in shares of HDFC Bank by 1.5% during the fourth quarter. Nomura Holdings Inc. now owns 458,493 shares of the bank’s stock worth $47,425,000 after purchasing an additional 6,993 shares during the period. Institutional investors and hedge funds own 19.16% of the company’s stock.

Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of HDFC Bank from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. TheStreet raised shares of HDFC Bank from a “c+” rating to a “b-” rating in a report on Monday, December 31st.



Shares of HDB traded up $1.45 during mid-day trading on Friday, hitting $111.90. 132,015 shares of the company’s stock were exchanged, compared to its average volume of 704,039. HDFC Bank Limited has a 52 week low of $85.43 and a 52 week high of $112.10. The stock has a market capitalization of $95.13 billion, a PE ratio of 35.98, a P/E/G ratio of 1.31 and a beta of 0.58.

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HDFC Bank Company 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.

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

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