Hantz Financial Services Inc. Decreases Stake in HDFC Bank Limited (NYSE:HDB)

Hantz Financial Services Inc. reduced its position in HDFC Bank Limited (NYSE:HDB) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,754 shares of the bank’s stock after selling 5,522 shares during the period. Hantz Financial Services Inc.’s holdings in HDFC Bank were worth $4,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its position in shares of HDFC Bank by 172.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock worth $215,909,000 after purchasing an additional 2,140,591 shares during the last quarter. BSW Wealth Partners lifted its position in shares of HDFC Bank by 6.0% during the fourth quarter. BSW Wealth Partners now owns 8,195 shares of the bank’s stock worth $523,000 after purchasing an additional 464 shares during the last quarter. Matthews International Capital Management LLC lifted its position in shares of HDFC Bank by 12.8% during the fourth quarter. Matthews International Capital Management LLC now owns 138,572 shares of the bank’s stock worth $8,849,000 after purchasing an additional 15,750 shares during the last quarter. KBC Group NV lifted its holdings in HDFC Bank by 22.1% in the fourth quarter. KBC Group NV now owns 133,247 shares of the bank’s stock worth $8,509,000 after acquiring an additional 24,088 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in HDFC Bank in the fourth quarter worth about $1,077,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

HDFC Bank Stock Performance

HDB opened at $59.64 on Thursday. The business’s 50 day moving average is $63.56 and its 200-day moving average is $62.38. The stock has a market cap of $151.02 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $68.50.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 11.78% and a net margin of 14.64%. On average, analysts predict that HDFC Bank Limited will post 3.13 earnings per share for the current 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.