Nordea Investment Management AB Has $21.90 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Nordea Investment Management AB lifted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 343,833 shares of the bank's stock after purchasing an additional 28,974 shares during the period. Nordea Investment Management AB's holdings in HDFC Bank were worth $21,899,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HDB. Commonwealth Equity Services LLC boosted its position in HDFC Bank by 33.2% during the second quarter. Commonwealth Equity Services LLC now owns 8,770 shares of the bank's stock worth $564,000 after purchasing an additional 2,185 shares during the period. Choreo LLC bought a new stake in shares of HDFC Bank during the 2nd quarter worth about $1,175,000. AGF Management Ltd. grew its stake in HDFC Bank by 61.5% in the 2nd quarter. AGF Management Ltd. now owns 235,208 shares of the bank's stock valued at $15,131,000 after buying an additional 89,594 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in HDFC Bank by 15.5% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 310,522 shares of the bank's stock valued at $19,976,000 after acquiring an additional 41,762 shares during the period. Finally, Thornburg Investment Management Inc. lifted its position in HDFC Bank by 45.7% during the second quarter. Thornburg Investment Management Inc. now owns 772,925 shares of the bank's stock worth $49,522,000 after acquiring an additional 242,473 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

HDFC Bank Price Performance

Shares of HDB traded down $1.08 during mid-day trading on Thursday, reaching $60.39. The company had a trading volume of 1,748,693 shares, compared to its average volume of 2,624,076. The company has a market capitalization of $152.93 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.78 and a beta of 0.92. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The company's 50 day simple moving average is $64.63 and its 200 day simple moving average is $62.82. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.09. The company had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. Analysts expect 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.