Allspring Global Investments Holdings LLC Decreases Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Allspring Global Investments Holdings LLC reduced its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,270,622 shares of the bank's stock after selling 133,370 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.09% of HDFC Bank worth $145,456,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 valued at $213,851,000 after purchasing an additional 3,262,442 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of HDFC Bank by 172.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock valued at $215,909,000 after purchasing an additional 2,140,591 shares during the period. FMR LLC grew its stake in shares of HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank's stock valued at $430,339,000 after purchasing an additional 1,114,210 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of HDFC Bank by 570.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,849 shares of the bank's stock valued at $42,406,000 after purchasing an additional 576,743 shares during the period. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Performance

Shares of NYSE:HDB traded up $0.12 during mid-day trading on Friday, reaching $60.29. 2,209,389 shares of the company traded hands, compared to its average volume of 2,622,650. The company's 50 day moving average price is $62.08 and its 200-day moving average price is $62.38. 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 $53.00 and a 52 week high of $68.50. The firm has a market cap of $152.68 billion, a PE ratio of 18.33, a PEG ratio of 1.70 and a beta of 0.91.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping 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%. On average, equities analysts expect that HDFC Bank Limited will post 3.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HDB shares. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

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.