Dundas Partners LLP Cuts Stake in HDFC Bank Limited (NYSE:HDB)

Dundas Partners LLP reduced its stake in shares of HDFC Bank Limited (NYSE:HDB) by 5.2% during the 4th quarter, HoldingsChannel reports. The fund owned 385,984 shares of the bank’s stock after selling 20,988 shares during the period. Dundas Partners LLP’s holdings in HDFC Bank were worth $24,649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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. Robeco Institutional Asset Management B.V. lifted its stake in HDFC Bank by 172.6% during the fourth 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 during the last quarter. FMR LLC lifted its stake in HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after buying an additional 1,114,210 shares during the last quarter. DJE Kapital AG bought a new stake in HDFC Bank in the fourth quarter valued at $54,055,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in HDFC Bank by 177.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,075,131 shares of the bank’s stock valued at $69,719,000 after buying an additional 687,811 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Up 0.0 %

Shares of HDFC Bank stock opened at $59.08 on Friday. The firm has a market cap of $149.60 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50. The stock has a 50-day simple moving average of $60.37 and a 200-day simple moving average of $62.44.

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

Wall Street Analysts Forecast Growth

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

HDFC Bank 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.