Southeastern Asset Management Inc. TN Sells 33,630 Shares of HDFC Bank Limited (NYSE:HDB)

Southeastern Asset Management Inc. TN trimmed its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 34.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,489 shares of the bank’s stock after selling 33,630 shares during the quarter. Southeastern Asset Management Inc. TN’s holdings in HDFC Bank were worth $4,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HDB. Assenagon Asset Management S.A. lifted its position in shares of HDFC Bank by 823.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 59,942 shares of the bank’s stock worth $3,828,000 after purchasing an additional 53,449 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of HDFC Bank by 39.8% during the fourth quarter. Park Avenue Securities LLC now owns 22,584 shares of the bank’s stock worth $1,442,000 after purchasing an additional 6,430 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of HDFC Bank by 25.8% during the fourth quarter. Ritholtz Wealth Management now owns 14,506 shares of the bank’s stock worth $926,000 after purchasing an additional 2,974 shares during the last quarter. Empirical Asset Management LLC bought a new stake in shares of HDFC Bank during the fourth quarter worth $1,869,000. Finally, Trinity Street Asset Management LLP lifted its position in shares of HDFC Bank by 7.4% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock worth $234,641,000 after purchasing an additional 252,600 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Price Performance

HDB opened at $73.17 on Friday. The business’s 50-day moving average is $68.00 and its two-hundred day moving average is $64.40. HDFC Bank Limited has a 1 year low of $55.00 and a 1 year high of $75.37. 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 firm has a market capitalization of $185.29 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63.

HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. Research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

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.