HDFC Bank Limited (NYSE:HDB) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S reduced its stake in HDFC Bank Limited (NYSE:HDB) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,531,058 shares of the bank’s stock after selling 77,093 shares during the quarter. HDFC Bank accounts for 3.5% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 14th largest position. C WorldWide Group Holding A S’s holdings in HDFC Bank were worth $289,353,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Trinity Street Asset Management LLP increased its stake in 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 buying an additional 252,600 shares during the period. Citigroup Inc. increased its stake in HDFC Bank by 21.1% during the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock worth $71,559,000 after buying an additional 199,582 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in HDFC Bank by 60.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock worth $19,830,000 after buying an additional 119,050 shares during the period. Zurich Insurance Group Ltd FI increased its stake in 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 period. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in HDFC Bank by 13.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock worth $15,114,000 after buying an additional 28,500 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Trading Down 0.2 %

Shares of NYSE:HDB opened at $59.46 on Monday. HDFC Bank Limited has a 52 week low of $53.00 and a 52 week high of $68.50. The company’s 50 day moving average is $61.36 and its two-hundred day moving average is $62.45. 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 cap of $150.56 billion, a PE ratio of 18.07, a P/E/G ratio of 2.12 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating 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%. Equities analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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