Capital International Investors Lowers Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Capital International Investors cut its stake in shares of HDFC Bank Limited (NYSE:HDB) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,172 shares of the bank’s stock after selling 698 shares during the quarter. Capital International Investors’ holdings in HDFC Bank were worth $1,480,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HDB. US Bancorp DE increased its holdings in HDFC Bank by 12.7% during the 4th quarter. US Bancorp DE now owns 157,665 shares of the bank’s stock worth $10,068,000 after purchasing an additional 17,800 shares during the period. Trinity Street Asset Management LLP increased its stake in shares of HDFC Bank by 7.4% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock valued at $234,641,000 after buying an additional 252,600 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in HDFC Bank in the fourth quarter worth about $2,907,000. Ovata Capital Management Ltd grew its holdings in HDFC Bank by 89.7% during the 4th quarter. Ovata Capital Management Ltd now owns 690,320 shares of the bank’s stock worth $43,863,000 after acquiring an additional 326,400 shares in the last quarter. Finally, Callan Family Office LLC bought a new position in HDFC Bank during the 4th quarter worth about $1,999,000. Institutional investors own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Up 4.2 %

Shares of HDFC Bank stock opened at $72.19 on Monday. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $72.34. The firm’s 50 day moving average price is $63.27 and its 200-day moving average price is $63.03. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a market cap of $182.80 billion, a P/E ratio of 21.94, a PEG ratio of 2.12 and a beta of 0.68.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, sell-side analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank Company Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.