Sumitomo Mitsui Asset Management Company LTD lowered its position in HDFC Bank Limited (NYSE:HDB) by 7.5% during the third quarter, Holdings Channel reports. The firm owned 115,945 shares of the company’s stock after selling 9,400 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in HDFC Bank Limited were worth $8,335,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sirios Capital Management L P boosted its stake in shares of HDFC Bank Limited by 174.6% in the second quarter. Sirios Capital Management L P now owns 172,321 shares of the company’s stock worth $11,433,000 after buying an additional 109,568 shares during the period. GAM Holding AG boosted its stake in shares of HDFC Bank Limited by 46.8% in the second quarter. GAM Holding AG now owns 145,000 shares of the company’s stock worth $9,601,000 after buying an additional 46,200 shares during the period. Bank of Montreal Can acquired a new stake in shares of HDFC Bank Limited during the second quarter worth $30,810,000. Royal Bank of Canada boosted its stake in shares of HDFC Bank Limited 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 period. Finally, Hermes Investment Management Ltd. boosted its position in HDFC Bank Limited by 4.2% in the second quarter. Hermes Investment Management Ltd. now owns 200,318 shares of the company’s stock worth $13,291,000 after buying an additional 7,985 shares during the last quarter. 17.64% of the stock is owned by hedge funds and other institutional investors.

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

HDFC Bank Limited (NYSE:HDB) traded down 0.72% during trading on Friday, reaching $63.66. 184,169 shares of the company’s stock were exchanged. The company has a market capitalization of $321.89 billion, a PE ratio of 172.75 and a beta of 1.21. The company’s 50-day moving average is $62.22 and its 200-day moving average is $68.10. HDFC Bank Limited has a 1-year low of $51.11 and a 1-year high of $74.04.

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HDFC Bank Limited Company 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.

5 Day Chart for NYSE:HDB

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