Foresight Global Investors Inc. Has $14.80 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Foresight Global Investors Inc. lowered its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,735 shares of the bank's stock after selling 24,576 shares during the quarter. HDFC Bank comprises 10.8% of Foresight Global Investors Inc.'s portfolio, making the stock its 5th largest position. Foresight Global Investors Inc.'s holdings in HDFC Bank were worth $14,799,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HDB. Glenmede Trust Co. NA lifted its stake in HDFC Bank by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock worth $301,000 after purchasing an additional 167 shares during the last quarter. Waverton Investment Management Ltd raised its holdings in shares of HDFC Bank by 1.0% during the fourth quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank's stock worth $1,275,000 after purchasing an additional 203 shares during the period. Commerce Bank lifted its position in shares of HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank's stock worth $214,000 after buying an additional 225 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings 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 buying an additional 254 shares during the period. Finally, Baron Wealth Management LLC grew its position in shares of HDFC Bank by 3.7% during the 4th quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank's stock valued at $470,000 after buying an additional 263 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

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HDFC Bank Stock Performance

Shares of NYSE:HDB traded up $0.82 on Friday, hitting $64.54. The company's stock had a trading volume of 3,564,410 shares, compared to its average volume of 2,523,445. HDFC Bank Limited has a 12 month low of $54.07 and a 12 month high of $68.50. The stock's 50-day moving average is $60.26 and its two-hundred day moving average is $62.48. 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 company has a market capitalization of $163.42 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (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, equities research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Finally, Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

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.