6,345 Shares in HDFC Bank Limited (HDB) Acquired by Montag A & Associates Inc.

Montag A & Associates Inc. bought a new position in shares of HDFC Bank Limited (NYSE:HDB) during the 4th quarter, HoldingsChannel reports. The fund bought 6,345 shares of the bank’s stock, valued at approximately $645,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of HDFC Bank by 1.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 254,730 shares of the bank’s stock worth $25,898,000 after purchasing an additional 2,495 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in HDFC Bank by 197.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 16,989 shares of the bank’s stock valued at $1,728,000 after buying an additional 11,283 shares in the last quarter. Wells Fargo & Company MN boosted its stake in HDFC Bank by 1.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,349,763 shares of the bank’s stock valued at $137,231,000 after buying an additional 19,979 shares in the last quarter. First Trust Advisors LP boosted its stake in HDFC Bank by 7.6% in the fourth quarter. First Trust Advisors LP now owns 298,368 shares of the bank’s stock valued at $30,335,000 after buying an additional 21,192 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in HDFC Bank by 0.9% in the fourth quarter. Sei Investments Co. now owns 1,474,300 shares of the bank’s stock valued at $149,893,000 after buying an additional 12,710 shares in the last quarter. 17.44% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research raised HDFC Bank from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Monday, January 1st.

Shares of HDFC Bank Limited (HDB) opened at $100.76 on Friday. The firm has a market capitalization of $86,067.38, a PE ratio of 37.88, a P/E/G ratio of 1.14 and a beta of 0.91. HDFC Bank Limited has a 12 month low of $70.23 and a 12 month high of $110.77.

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HDFC Bank Profile

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

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