Boston Common Asset Management LLC Lowers Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Boston Common Asset Management LLC cut its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 416,002 shares of the bank's stock after selling 18,175 shares during the period. Boston Common Asset Management LLC's holdings in HDFC Bank were worth $26,566,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. raised its stake in shares of HDFC Bank by 21.1% during the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank's stock worth $71,559,000 after buying an additional 199,582 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in HDFC Bank by 60.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank's stock worth $19,830,000 after acquiring an additional 119,050 shares in the last quarter. Zurich Insurance Group Ltd FI raised its position in HDFC Bank by 34.7% during the third quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank's stock worth $8,572,000 after acquiring an additional 35,291 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in HDFC Bank by 13.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank's stock valued at $15,114,000 after purchasing an additional 28,500 shares in the last quarter. Finally, Northcape Capital Pty Ltd grew its position in shares of HDFC Bank by 17.6% in the fourth quarter. Northcape Capital Pty Ltd now owns 2,700,346 shares of the bank's stock valued at $172,444,000 after purchasing an additional 403,886 shares during the period. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Price Performance

Shares of NYSE HDB traded down $0.25 during midday trading on Friday, hitting $58.39. The stock had a trading volume of 1,797,510 shares, compared to its average volume of 2,000,910. 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 Limited has a 1 year low of $52.16 and a 1 year high of $68.50. The company has a market capitalization of $147.87 billion, a PE ratio of 17.75, a P/E/G ratio of 1.67 and a beta of 0.92. The stock has a 50 day simple moving average of $64.02 and a 200-day simple moving average of $62.57.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.09. The company had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, sell-side analysts expect that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a research report 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.