HDFC Bank Limited (NYSE:HDB) Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP cut its stake in HDFC Bank Limited (NYSE:HDB) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,176,487 shares of the bank’s stock after selling 348,807 shares during the period. HDFC Bank makes up 2.6% of Sustainable Growth Advisers LP’s investment portfolio, making the stock its 19th largest position. Sustainable Growth Advisers LP owned about 0.32% of HDFC Bank worth $522,150,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Madison Investment Advisors LLC acquired a new stake in shares of HDFC Bank in the fourth quarter worth approximately $4,811,000. Bennbridge Ltd purchased a new position in HDFC Bank in the fourth quarter valued at approximately $9,233,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in HDFC Bank by 89.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,281,884 shares of the bank’s stock valued at $81,861,000 after buying an additional 604,035 shares during the period. Egerton Capital UK LLP purchased a new position in HDFC Bank in the fourth quarter valued at approximately $72,833,000. Finally, Farther Finance Advisors LLC raised its holdings in HDFC Bank by 13.9% in the fourth quarter. Farther Finance Advisors LLC now owns 3,328 shares of the bank’s stock valued at $213,000 after buying an additional 407 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Trading Up 1.0 %

HDB opened at $60.44 on Thursday. The firm has a market capitalization of $153.05 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.12 and a beta of 0.92. The firm’s 50 day moving average is $60.12 and its 200-day moving average is $62.42. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50. 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 (NYSE:HDB) last posted its quarterly earnings data 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HDB shares. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a 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.