Clearbridge Investments LLC Has $119.70 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

Clearbridge Investments LLC cut its stake in shares of HDFC Bank Limited (NYSE:HDB) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,874,329 shares of the bank’s stock after selling 18,307 shares during the period. Clearbridge Investments LLC owned 0.07% of HDFC Bank worth $119,695,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. GQG Partners LLC boosted its stake in HDFC Bank by 74.4% in the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock valued at $503,431,000 after purchasing an additional 3,364,114 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 acquiring an additional 3,262,442 shares in the last quarter. Schroder Investment Management Group increased its position in HDFC Bank by 82.1% during the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock worth $447,584,000 after acquiring an additional 3,160,533 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in HDFC Bank by 172.6% in the 4th 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 in the last quarter. Finally, Egerton Capital UK LLP bought a new stake in HDFC Bank in the 4th quarter valued at about $72,833,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of HDB stock opened at $66.15 on Monday. The business has a fifty day simple moving average of $61.01 and a 200 day simple moving average of $62.67. The company has a market cap of $167.50 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a twelve month low of $54.99 and a twelve month high of $68.50.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, sell-side analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HDB. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

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.