Aperio Group LLC trimmed its stake in shares of HDFC Bank Limited (NYSE:HDB) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 86,897 shares of the bank’s stock after selling 1,401 shares during the period. Aperio Group LLC’s holdings in HDFC Bank were worth $8,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HDB. Creative Planning acquired a new stake in HDFC Bank during the 4th quarter worth approximately $203,000. CIBC World Markets Inc. purchased a new position in shares of HDFC Bank during the 4th quarter worth approximately $212,000. Advisor Partners LLC purchased a new position in shares of HDFC Bank during the 4th quarter worth approximately $216,000. Dimensional Fund Advisors LP purchased a new position in shares of HDFC Bank during the 2nd quarter worth approximately $217,000. Finally, Park Avenue Securities LLC purchased a new position in shares of HDFC Bank during the 3rd quarter worth approximately $224,000. 17.41% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded HDFC Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th.

HDFC Bank Limited (NYSE:HDB) opened at $99.26 on Friday. The stock has a market capitalization of $75,890.00, a P/E ratio of 82.03, a PEG ratio of 1.10 and a beta of 0.91. HDFC Bank Limited has a one year low of $68.89 and a one year high of $110.77.

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About HDFC Bank

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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