HDFC Bank Limited (NYSE:HDB) Stake Lessened by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its position in shares of HDFC Bank Limited (NYSE:HDB) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,848 shares of the bank’s stock after selling 284 shares during the period. Commonwealth Equity Services LLC’s holdings in HDFC Bank were worth $501,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HDB. Robeco Institutional Asset Management B.V. raised its stake in shares of 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 buying an additional 2,140,591 shares in the last quarter. Egerton Capital UK LLP bought a new stake in HDFC Bank in the fourth quarter worth about $72,833,000. DJE Kapital AG acquired a new stake in HDFC Bank in the 4th quarter valued at about $54,055,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of HDFC Bank by 177.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,075,131 shares of the bank’s stock valued at $69,719,000 after purchasing an additional 687,811 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of HDFC Bank in the 4th quarter worth approximately $39,495,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HDB has been the subject of several recent research reports. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note 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.

HDFC Bank Trading Down 2.8 %

Shares of HDB opened at $65.12 on Friday. 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 1-year low of $54.99 and a 1-year high of $68.50. The stock has a market capitalization of $164.90 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.12 and a beta of 0.92. The business’s 50-day moving average price is $61.70 and its 200 day moving average price is $62.78.

HDFC Bank (NYSE:HDB) last released its quarterly 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 net margin of 14.64% and a return on equity of 12.19%. Analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current 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.