Mount Yale Investment Advisors LLC reduced its stake in shares of HDFC Bank Limited (NYSE:HDB – Free Report) by 3.4% in the fourth quarter, Holdings Channel reports. The fund owned 6,152 shares of the bank’s stock after selling 219 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in HDFC Bank were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in HDFC Bank by 2,092.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock valued at $213,851,000 after purchasing an additional 3,262,442 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of HDFC Bank by 130.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank’s stock valued at $140,593,000 after buying an additional 1,236,100 shares during the last quarter. FMR LLC grew its stake in shares of HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after acquiring an additional 1,114,210 shares during the period. Clearbridge Investments LLC increased its holdings in HDFC Bank by 141.2% in the 2nd quarter. Clearbridge Investments LLC now owns 1,457,755 shares of the bank’s stock worth $93,777,000 after acquiring an additional 853,287 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in HDFC Bank by 143.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,240,388 shares of the bank’s stock valued at $77,599,000 after acquiring an additional 731,388 shares during the period. 17.61% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on HDB shares. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.
HDFC Bank Stock Performance
Shares of HDB opened at $60.37 on Wednesday. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.50. The stock’s 50-day simple moving average is $63.62 and its 200 day simple moving average is $62.38. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $152.87 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92.
HDFC Bank (NYSE:HDB – Get Free Report) last released 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 11.78%. Research analysts forecast that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.
About HDFC Bank
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.
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