LMR Partners LLP Sells 36,186 Shares of HDFC Bank Limited (NYSE:HDB)

LMR Partners LLP decreased its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,715,455 shares of the bank's stock after selling 36,186 shares during the quarter. HDFC Bank accounts for about 0.9% of LMR Partners LLP's investment portfolio, making the stock its 4th largest position. LMR Partners LLP owned approximately 0.07% of HDFC Bank worth $107,319,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its position in HDFC Bank by 105.1% in the third quarter. Thrivent Financial for Lutherans now owns 6,503 shares of the bank's stock worth $407,000 after buying an additional 3,333 shares in the last quarter. Comgest Global Investors S.A.S. grew its stake in shares of HDFC Bank by 202.6% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 432,835 shares of the bank's stock valued at $27,078,000 after acquiring an additional 289,781 shares during the period. Natixis Advisors LLC increased its holdings in HDFC Bank by 8.0% in the 3rd quarter. Natixis Advisors LLC now owns 2,001,569 shares of the bank's stock worth $125,218,000 after acquiring an additional 148,441 shares in the last quarter. CIBC Asset Management Inc raised its stake in HDFC Bank by 3.8% during the 3rd quarter. CIBC Asset Management Inc now owns 177,879 shares of the bank's stock worth $11,128,000 after acquiring an additional 6,473 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its holdings in HDFC Bank by 32.1% during the third quarter. OneDigital Investment Advisors LLC now owns 13,793 shares of the bank's stock valued at $863,000 after purchasing an additional 3,353 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HDB. JPMorgan Chase & Co. lowered HDFC Bank from an "overweight" rating to a "neutral" rating in a research note on Monday, July 22nd. StockNews.com upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Friday, November 8th.

HDFC Bank Trading Up 0.9 %

Shares of NYSE HDB traded up $0.58 during trading hours on Monday, hitting $62.48. 975,461 shares of the company traded hands, compared to its average volume of 2,970,094. The company's 50 day moving average price is $62.86 and its 200 day moving average price is $61.00. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.44. The stock has a market capitalization of $158.22 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.62 and a beta of 0.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The firm had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $4.84 billion. On average, equities research analysts anticipate that HDFC Bank Limited will post 3.2 earnings per share for the current fiscal year.

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.