Impax Asset Management Group plc Reduces Holdings in HDFC Bank Limited (NYSE:HDB)

Impax Asset Management Group plc lowered its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,140,187 shares of the bank's stock after selling 736,102 shares during the period. Impax Asset Management Group plc owned approximately 0.12% of HDFC Bank worth $199,897,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HDB. Pin Oak Investment Advisors Inc. increased its position in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after purchasing an additional 254 shares during the last quarter. JFS Wealth Advisors LLC increased its position in HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after acquiring an additional 275 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of HDFC Bank in the fourth quarter valued at $42,000. Kestra Investment Management LLC bought a new stake in shares of HDFC Bank in the 4th quarter worth about $60,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of HDFC Bank during the 3rd quarter worth about $65,000. 17.61% of the stock is owned by institutional investors.

HDFC Bank Trading Up 0.7 %

Shares of NYSE:HDB traded up $0.45 during trading on Thursday, reaching $60.42. 1,895,677 shares of the company were exchanged, compared to its average volume of 2,628,926. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $152.99 billion, a PE ratio of 18.36, a P/E/G ratio of 2.12 and a beta of 0.91. The business's fifty day simple moving average is $61.02 and its 200-day simple moving average is $62.42. HDFC Bank Limited has a 12-month low of $53.00 and a 12-month high of $68.50.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HDB. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

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.