Jennison Associates LLC Acquires 33,333 Shares of HDFC Bank Limited (HDB)
Jennison Associates LLC increased its holdings in HDFC Bank Limited (NYSE:HDB) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,423,034 shares of the bank’s stock after buying an additional 33,333 shares during the period. Jennison Associates LLC’s holdings in HDFC Bank were worth $164,944,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. acquired a new stake in HDFC Bank during the 4th quarter worth approximately $286,000. Osborn Williams & Donohoe LLC acquired a new stake in shares of HDFC Bank during the 1st quarter valued at $113,000. Victory Capital Management Inc. acquired a new stake in shares of HDFC Bank during the 4th quarter valued at $10,434,000. Sustainable Growth Advisers LP boosted its holdings in shares of HDFC Bank by 9.4% during the 4th quarter. Sustainable Growth Advisers LP now owns 1,718,445 shares of the bank’s stock valued at $178,014,000 after acquiring an additional 148,177 shares in the last quarter. Finally, Westpac Banking Corp acquired a new stake in shares of HDFC Bank during the 4th quarter valued at $23,711,000. Institutional investors and hedge funds own 19.28% of the company’s stock.
Separately, Zacks Investment Research downgraded HDFC Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 25th.
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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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