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

Clearbridge Investments LLC decreased its stake in HDFC Bank Limited (NYSE:HDB) by 1.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,874,329 shares of the bank’s stock after selling 18,307 shares during the period. Clearbridge Investments LLC’s holdings in HDFC Bank were worth $119,695,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in HDFC Bank by 105.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,503 shares of the bank’s stock worth $407,000 after purchasing an additional 3,333 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in HDFC Bank by 62.6% in the third quarter. Daiwa Securities Group Inc. now owns 3,846 shares of the bank’s stock valued at $241,000 after buying an additional 1,481 shares during the period. Bank of Montreal Can grew its holdings in HDFC Bank by 44.0% during the 3rd quarter. Bank of Montreal Can now owns 79,026 shares of the bank’s stock worth $5,085,000 after acquiring an additional 24,159 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of HDFC Bank by 4.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 257,516 shares of the bank’s stock worth $16,110,000 after acquiring an additional 10,256 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of HDFC Bank by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock valued at $301,000 after purchasing an additional 167 shares during the period. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $66.15 on Monday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average price is $61.01 and its 200-day moving average price is $62.67. The firm has a market capitalization 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. HDFC Bank Limited has a 1-year low of $54.99 and a 1-year high of $68.50.

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

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.