Fiera Capital Corp Has $367.92 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Fiera Capital Corp trimmed its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,761,361 shares of the bank's stock after selling 28,055 shares during the period. HDFC Bank makes up approximately 1.2% of Fiera Capital Corp's holdings, making the stock its 27th biggest holding. Fiera Capital Corp owned 0.23% of HDFC Bank worth $367,921,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HDB. Pin Oak Investment Advisors Inc. raised its position in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after acquiring an additional 254 shares during the period. Northwest Investment Counselors LLC bought a new stake in HDFC Bank during the 3rd quarter worth approximately $38,000. JFS Wealth Advisors LLC increased its stake in HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after purchasing an additional 275 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in HDFC Bank during the 3rd quarter worth approximately $65,000. Finally, GAMMA Investing LLC increased its stake in HDFC Bank by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank's stock worth $76,000 after purchasing an additional 312 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Up 0.2 %

Shares of NYSE:HDB traded up $0.12 during midday trading on Friday, hitting $60.29. The stock had a trading volume of 2,209,389 shares, compared to its average volume of 2,622,650. HDFC Bank Limited has a 12 month low of $53.00 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 business's 50-day simple moving average is $62.08 and its 200-day simple moving average is $62.40. The company has a market cap of $152.68 billion, a P/E ratio of 18.33, a PEG ratio of 1.70 and a beta of 0.91.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share 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%. On average, sell-side analysts forecast that HDFC Bank Limited will post 3.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HDB has been the subject of a number of research reports. Nomura raised 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 cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

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.