HDFC Bank Limited (NYSE:HDB) Shares Sold by Fiera Capital Corp

Fiera Capital Corp decreased its position in HDFC Bank Limited (NYSE:HDB) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,761,361 shares of the bank’s stock after selling 28,055 shares during the quarter. HDFC Bank accounts for about 1.2% of Fiera Capital Corp’s holdings, making the stock its 27th biggest holding. Fiera Capital Corp’s holdings in HDFC Bank were worth $367,921,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Trinity Street Asset Management LLP boosted its position in shares of HDFC Bank by 7.4% during the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock worth $234,641,000 after acquiring an additional 252,600 shares in the last quarter. Citigroup Inc. increased its stake in HDFC Bank by 21.1% in the third quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock valued at $71,559,000 after purchasing an additional 199,582 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in HDFC Bank by 60.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock worth $19,830,000 after purchasing an additional 119,050 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its position in shares of HDFC Bank by 34.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock worth $8,572,000 after buying an additional 35,291 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of HDFC Bank by 13.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock valued at $15,114,000 after buying an additional 28,500 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

HDB stock opened at $60.29 on Thursday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $152.67 billion, a P/E ratio of 18.33, a PEG ratio of 1.70 and a beta of 0.91. The business has a 50 day simple moving average of $62.52 and a 200-day simple moving average of $62.41. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $68.50.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results 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 net margin of 14.64% and a return on equity of 12.19%. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.09 EPS for the current year.

Analyst Upgrades and Downgrades

HDB has been the topic of several research analyst reports. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

HDFC Bank 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.