Fifth Third Bancorp Cuts Position in HDFC Bank Limited (NYSE:HDB)

Fifth Third Bancorp trimmed its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,415 shares of the bank's stock after selling 13,627 shares during the period. Fifth Third Bancorp's holdings in HDFC Bank were worth $3,794,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in HDFC Bank by 612.3% in the second quarter. Dimensional Fund Advisors LP now owns 243,980 shares of the bank's stock worth $15,695,000 after purchasing an additional 209,726 shares during the period. Creative Planning increased its stake in HDFC Bank by 82.8% in the 2nd quarter. Creative Planning now owns 103,785 shares of the bank's stock valued at $6,676,000 after buying an additional 47,005 shares during the last quarter. Brandes Investment Partners LP increased its position in shares of HDFC Bank by 11.4% during the 2nd quarter. Brandes Investment Partners LP now owns 54,527 shares of the bank's stock valued at $3,520,000 after purchasing an additional 5,572 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of HDFC Bank by 2.4% during the 2nd quarter. Cetera Investment Advisers now owns 14,979 shares of the bank's stock worth $964,000 after purchasing an additional 358 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of HDFC Bank by 141.2% in the second quarter. Clearbridge Investments LLC now owns 1,457,755 shares of the bank's stock valued at $93,777,000 after purchasing an additional 853,287 shares during the period. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Performance

HDB traded up $1.65 during trading on Tuesday, hitting $60.37. The company's stock had a trading volume of 2,407,609 shares, compared to its average volume of 3,135,815. HDFC Bank Limited has a one year low of $52.16 and a one year high of $68.50. The business's 50 day simple moving average is $63.62 and its 200-day simple moving average is $62.38. The firm has a market cap of $152.87 billion, a PE ratio of 18.35, a P/E/G ratio of 1.73 and a beta of 0.92. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34.

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, topping analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 11.78%. As a group, sell-side analysts predict that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HDB has been the subject of several research analyst reports. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. 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.