Lancaster Investment Management Has $13.86 Million Stake in HDFC Bank Limited (NYSE:HDB)

Lancaster Investment Management decreased its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,000 shares of the bank's stock after selling 50,000 shares during the period. HDFC Bank makes up approximately 12.3% of Lancaster Investment Management's holdings, making the stock its 4th biggest position. Lancaster Investment Management's holdings in HDFC Bank were worth $13,858,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HDB. Whipplewood Advisors LLC purchased a new position in shares of HDFC Bank in the fourth quarter worth $29,000. Pin Oak Investment Advisors Inc. boosted its holdings in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock worth $31,000 after purchasing an additional 254 shares during the last quarter. Sierra Ocean LLC bought a new stake in HDFC Bank in the 4th quarter worth approximately $42,000. Kestra Investment Management LLC bought a new stake in HDFC Bank in the 4th quarter worth approximately $60,000. Finally, JFS Wealth Advisors LLC raised its stake in HDFC Bank by 52.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank's stock valued at $65,000 after buying an additional 351 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on HDB. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. StockNews.com cut 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 research report on Thursday, January 23rd.

Remove Ads

HDFC Bank Stock Performance

Shares of HDFC Bank stock traded down $0.38 on Thursday, hitting $60.10. 1,574,710 shares of the company's stock were exchanged, compared to its average volume of 2,605,042. HDFC Bank Limited has a 1 year low of $54.07 and a 1 year high of $68.50. The company has a 50-day simple moving average of $60.04 and a 200-day simple moving average of $62.41. 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 stock has a market capitalization of $152.19 billion, a PE ratio of 18.27, a PEG ratio of 2.12 and a beta of 0.92.

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 return on equity of 12.19% and a net margin of 14.64%. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

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.