HDFC Bank Limited (NYSE:HDB) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 976,773 shares of the bank's stock after selling 10,694 shares during the quarter. Janus Henderson Group PLC's holdings in HDFC Bank were worth $61,102,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of HDFC Bank by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 122,023 shares of the bank's stock worth $6,830,000 after purchasing an additional 12,037 shares during the period. Cetera Advisors LLC bought a new position in shares of HDFC Bank during the 1st quarter worth approximately $444,000. GAMMA Investing LLC grew its stake in HDFC Bank by 56.0% in the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock valued at $58,000 after purchasing an additional 324 shares during the period. Park Avenue Securities LLC grew its position in shares of HDFC Bank by 24.9% during the 2nd quarter. Park Avenue Securities LLC now owns 16,582 shares of the bank's stock valued at $1,067,000 after acquiring an additional 3,306 shares during the period. Finally, Lion Street Advisors LLC purchased a new stake in HDFC Bank in the second quarter worth $245,000. 17.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

HDFC Bank Stock Performance

HDFC Bank stock traded down $0.41 during midday trading on Friday, hitting $67.30. The stock had a trading volume of 1,905,250 shares, compared to its average volume of 3,018,275. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $170.42 billion, a PE ratio of 20.46, a P/E/G ratio of 1.77 and a beta of 0.92. The firm's fifty day moving average is $63.43 and its two-hundred day moving average is $61.83. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.41.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.76 by $0.09. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. On average, research analysts forecast that HDFC Bank Limited will post 3.15 EPS for the current 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.