Alberta Investment Management Corp Sells 33,101 Shares of HDFC Bank Limited (NYSE:HDB)

Alberta Investment Management Corp lessened its position in HDFC Bank Limited (NYSE:HDB) by 16.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 165,596 shares of the bank’s stock after selling 33,101 shares during the period. Alberta Investment Management Corp’s holdings in HDFC Bank were worth $10,575,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Trinity Street Asset Management LLP increased its stake in HDFC Bank by 7.4% in 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% in 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% in 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% in 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% in 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. Institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HDB. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. 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 Trading Up 0.4 %

NYSE HDB opened at $60.76 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $153.85 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.66 and a beta of 0.91. The company’s 50-day simple moving average is $61.65 and its two-hundred day simple moving average is $62.41. HDFC Bank Limited has a one year low of $53.00 and a one year high of $68.50.

HDFC Bank (NYSE:HDB) last posted its earnings results 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 forecast that HDFC Bank Limited will post 3.09 EPS for the current fiscal year.

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.