Jupiter Asset Management Ltd. Has $19.82 Million Stake in HDFC Bank Limited (NYSE:HDB)

Jupiter Asset Management Ltd. lessened its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 19.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 310,337 shares of the bank's stock after selling 76,334 shares during the period. Jupiter Asset Management Ltd.'s holdings in HDFC Bank were worth $19,818,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE raised its position in HDFC Bank by 12.7% in the 4th quarter. US Bancorp DE now owns 157,665 shares of the bank's stock valued at $10,068,000 after purchasing an additional 17,800 shares during the last quarter. Trinity Street Asset Management LLP increased its stake in shares of HDFC Bank by 7.4% in the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock valued at $234,641,000 after buying an additional 252,600 shares in the last quarter. Citigroup Inc. raised its holdings in shares of HDFC Bank by 21.1% in the third quarter. Citigroup Inc. now owns 1,143,853 shares of the bank's stock valued at $71,559,000 after buying an additional 199,582 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in HDFC Bank during the 4th quarter worth about $2,907,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in HDFC Bank by 60.1% during 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 during the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

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HDFC Bank Trading Down 0.6 %

Shares of HDB traded down $0.38 on Thursday, reaching $60.10. 1,574,710 shares of the company's stock were exchanged, compared to its average volume of 2,605,042. The business has a 50 day moving average price of $60.04 and a two-hundred day moving average price of $62.41. HDFC Bank Limited has a 12 month low of $54.07 and a 12 month high of $68.50. The stock has a market capitalization of $152.19 billion, a P/E ratio of 18.27, 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 earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

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

HDFC Bank Company 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.