Natixis Advisors LLC Decreases Holdings in HDFC Bank Limited (NYSE:HDB)

Natixis Advisors LLC trimmed its stake in shares of HDFC Bank Limited (NYSE:HDB) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,856,293 shares of the bank’s stock after selling 145,276 shares during the period. Natixis Advisors LLC owned 0.07% of HDFC Bank worth $118,542,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HDB. Whipplewood Advisors LLC acquired a new stake in HDFC Bank during the fourth quarter worth about $29,000. Pin Oak Investment Advisors Inc. lifted its stake in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after acquiring an additional 254 shares during the last quarter. Sierra Ocean LLC purchased a new position in HDFC Bank in the fourth quarter worth approximately $42,000. Kestra Investment Management LLC purchased a new stake in shares of HDFC Bank during the 4th quarter worth approximately $60,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of HDFC Bank during the 3rd quarter worth approximately $65,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 1.1 %

HDB stock opened at $60.68 on Friday. The company has a market capitalization of $153.66 billion, a P/E ratio of 18.44, a PEG ratio of 2.12 and a beta of 0.92. The firm has a 50 day simple moving average of $60.00 and a 200-day simple moving average of $62.40. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a twelve month low of $54.07 and a twelve month high of $68.50.

HDFC Bank (NYSE:HDB) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) 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, equities research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

HDFC Bank Company 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.