HDFC Bank Limited (NYSE:HDB) Shares Sold by Dundas Partners LLP

Dundas Partners LLP lowered its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 385,984 shares of the bank's stock after selling 20,988 shares during the quarter. Dundas Partners LLP's holdings in HDFC Bank were worth $24,649,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. US Bancorp DE boosted its position in HDFC Bank by 12.7% during the fourth quarter. US Bancorp DE now owns 157,665 shares of the bank's stock worth $10,068,000 after acquiring an additional 17,800 shares during the last quarter. Trinity Street Asset Management LLP raised its stake in HDFC Bank by 7.4% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock worth $234,641,000 after purchasing an additional 252,600 shares during the period. Citigroup Inc. raised its stake in HDFC Bank by 21.1% during the third quarter. Citigroup Inc. now owns 1,143,853 shares of the bank's stock worth $71,559,000 after purchasing an additional 199,582 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in HDFC Bank during the fourth quarter worth approximately $2,907,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in HDFC Bank by 60.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank's stock worth $19,830,000 after purchasing an additional 119,050 shares during the period. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Trading Down 0.6 %

Shares of HDB stock traded down $0.38 during mid-day trading on Thursday, reaching $60.10. The company's stock had a trading volume of 1,574,710 shares, compared to its average volume of 2,605,042. The company's 50 day simple moving average is $60.12 and its 200-day simple moving average is $62.42. HDFC Bank Limited has a 12-month low of $54.07 and a 12-month 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. The firm has a market capitalization of $152.19 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

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HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results 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 net margin of 14.64% and a return on equity of 12.19%. On average, research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HDB has been the topic of a number of recent analyst reports. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

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.