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

Clearbridge Investments LLC lessened its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,874,329 shares of the bank's stock after selling 18,307 shares during the quarter. Clearbridge Investments LLC owned about 0.07% of HDFC Bank worth $119,695,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in shares of HDFC Bank during the fourth quarter valued at $29,000. Graney & King LLC purchased a new stake in shares of HDFC Bank during the fourth quarter worth about $38,000. Brown Brothers Harriman & Co. raised its position in shares of HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after buying an additional 240 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of HDFC Bank during the fourth quarter valued at approximately $42,000. Finally, Kestra Investment Management LLC acquired a new stake in HDFC Bank during the fourth quarter worth approximately $60,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd.

HDFC Bank Trading Down 2.8 %

HDFC Bank stock traded down $1.84 during trading on Friday, reaching $65.12. The company had a trading volume of 8,211,680 shares, compared to its average volume of 2,737,311. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $68.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock's 50 day moving average price is $61.70 and its two-hundred day moving average price is $62.78. The firm has a market capitalization of $164.90 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, equities analysts expect 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.