Financiere des Professionnels Fonds d investissement inc. Lowers Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Financiere des Professionnels Fonds d investissement inc. reduced its position in shares of HDFC Bank Limited (NYSE:HDBFree Report) by 1.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 180,647 shares of the bank’s stock after selling 3,211 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in HDFC Bank were worth $11,536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HDB. Pin Oak Investment Advisors Inc. boosted its position in shares of HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after buying an additional 254 shares during the period. Northwest Investment Counselors LLC purchased a new position in HDFC Bank in the third quarter valued at $38,000. JFS Wealth Advisors LLC boosted its holdings in HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after purchasing an additional 275 shares during the period. Sierra Ocean LLC purchased a new position in HDFC Bank in the fourth quarter valued at $42,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in HDFC Bank in the third quarter valued at $65,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 0.2 %

HDFC Bank stock opened at $60.29 on Monday. HDFC Bank Limited has a 1-year low of $53.00 and a 1-year high of $68.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market cap of $152.68 billion, a PE ratio of 18.33, a P/E/G ratio of 1.70 and a beta of 0.91. The stock’s fifty day moving average is $62.08 and its two-hundred day moving average is $62.40.

HDFC Bank (NYSE:HDBGet Free Report) last posted 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 12.19% and a net margin of 14.64%. On average, sell-side analysts expect that HDFC Bank Limited will post 3.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HDB shares. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

Read Our Latest Research Report on HDFC Bank

About HDFC Bank

(Free Report)

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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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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