Lbp Am Sa Reduces Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Lbp Am Sa trimmed its position in HDFC Bank Limited (NYSE:HDB) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,100 shares of the bank’s stock after selling 1,900 shares during the period. Lbp Am Sa’s holdings in HDFC Bank were worth $2,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in HDFC Bank in the fourth quarter worth about $29,000. Pin Oak Investment Advisors Inc. lifted its position in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of HDFC Bank during the 4th quarter valued at about $42,000. Kestra Investment Management LLC purchased a new position in shares of HDFC Bank during the 4th quarter valued at about $60,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of HDFC Bank during the 3rd quarter valued at about $65,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HDB has been the topic of a number of analyst reports. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Up 1.1 %

Shares of HDB opened at $60.68 on Friday. The business’s 50 day moving average is $60.00 and its 200 day moving average is $62.41. The company has a market capitalization of $153.66 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 12-month low of $54.07 and a 12-month high of $68.50. 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 (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

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.