Aikya Investment Management Ltd trimmed its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,032,833 shares of the bank's stock after selling 262,895 shares during the period. HDFC Bank comprises 54.0% of Aikya Investment Management Ltd's portfolio, making the stock its biggest holding. Aikya Investment Management Ltd owned about 0.08% of HDFC Bank worth $129,817,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of HDFC Bank by 66.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 5,780 shares of the bank's stock worth $369,000 after buying an additional 2,313 shares during the last quarter. Whittier Trust Co. raised its position in HDFC Bank by 51.3% in the fourth quarter. Whittier Trust Co. now owns 19,739 shares of the bank's stock worth $1,261,000 after acquiring an additional 6,692 shares during the period. Northwest & Ethical Investments L.P. boosted its stake in shares of HDFC Bank by 3.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 35,303 shares of the bank's stock worth $2,254,000 after acquiring an additional 1,203 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of HDFC Bank by 9.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 278,843 shares of the bank's stock valued at $17,807,000 after acquiring an additional 24,448 shares during the period. Finally, iA Global Asset Management Inc. increased its stake in shares of HDFC Bank by 14.7% in the 4th quarter. iA Global Asset Management Inc. now owns 6,737 shares of the bank's stock worth $430,000 after purchasing an additional 861 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.
HDFC Bank Price Performance
Shares of HDB stock traded up $0.10 on Tuesday, reaching $65.90. The company's stock had a trading volume of 2,773,555 shares, compared to its average volume of 2,527,772. The stock's fifty day simple moving average is $60.41 and its 200-day simple moving average is $62.52. HDFC Bank Limited has a 1 year low of $54.07 and a 1 year high of $68.50. The company has a market capitalization of $166.88 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.
HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 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 12.19%. Analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on HDB. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Finally, Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd.
Get Our Latest Report on HDB
HDFC Bank Company Profile
(
Free Report)
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.
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