Royal London Asset Management Ltd. Sells 97,279 Shares of HDFC Bank Limited (NYSE:HDB)

Royal London Asset Management Ltd. cut its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,173,712 shares of the bank's stock after selling 97,279 shares during the period. Royal London Asset Management Ltd. owned 0.09% of HDFC Bank worth $138,813,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its holdings in HDFC Bank by 12.7% in the fourth quarter. US Bancorp DE now owns 157,665 shares of the bank's stock valued at $10,068,000 after buying an additional 17,800 shares during the period. Trinity Street Asset Management LLP raised its position in shares of HDFC Bank by 7.4% during the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock valued at $234,641,000 after acquiring an additional 252,600 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of HDFC Bank in the 4th quarter valued at $2,907,000. Citigroup Inc. boosted its position in shares of HDFC Bank by 21.1% in the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank's stock worth $71,559,000 after purchasing an additional 199,582 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of 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 purchasing an additional 119,050 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

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HDFC Bank Trading Up 2.0 %

Shares of HDB traded up $1.29 during trading hours on Monday, reaching $65.81. The stock had a trading volume of 4,188,518 shares, compared to its average volume of 2,530,490. The company has a market cap of $166.66 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 52 week low of $54.07 and a 52 week high of $68.50. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average of $60.26 and a 200 day moving average of $62.49.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) 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, sell-side analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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