AEGON ASSET MANAGEMENT UK Plc Reduces Position in HDFC Bank Limited (NYSE:HDB)

AEGON ASSET MANAGEMENT UK Plc cut its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 205,807 shares of the bank's stock after selling 8,162 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in HDFC Bank were worth $13,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank's stock worth $213,851,000 after acquiring an additional 3,262,442 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in HDFC Bank by 130.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank's stock worth $140,593,000 after acquiring an additional 1,236,100 shares in the last quarter. FMR LLC lifted its stake in HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank's stock worth $430,339,000 after acquiring an additional 1,114,210 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in HDFC Bank during the 2nd quarter worth about $56,961,000. Finally, Clearbridge Investments LLC lifted its stake in HDFC Bank by 141.2% during the 2nd quarter. Clearbridge Investments LLC now owns 1,457,755 shares of the bank's stock worth $93,777,000 after acquiring an additional 853,287 shares in the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Down 0.8 %

Shares of NYSE HDB traded down $0.50 during midday trading on Friday, hitting $58.47. 3,271,601 shares of the company's stock were exchanged, compared to its average volume of 2,242,280. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $68.50. The company has a market cap of $148.05 billion, a PE ratio of 17.77, a P/E/G ratio of 1.73 and a beta of 0.92. The firm's fifty day simple moving average is $63.69 and its 200-day simple moving average is $62.37.

HDFC Bank (NYSE:HDB - Get Free Report) last issued 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 11.78% and a net margin of 14.64%. Research analysts predict that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday.

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.