HDFC Bank Limited (NYSE:HDB) Holdings Decreased by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 394,596 shares of the bank's stock after selling 29,275 shares during the period. Wells Fargo & Company MN's holdings in HDFC Bank were worth $25,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GQG Partners LLC raised its stake in HDFC Bank by 74.4% during the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock worth $503,431,000 after purchasing an additional 3,364,114 shares during the period. Schroder Investment Management Group increased its position in shares of HDFC Bank by 82.1% during the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after acquiring an additional 3,160,533 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in HDFC Bank by 172.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock valued at $215,909,000 after purchasing an additional 2,140,591 shares during the last quarter. National Bank of Canada FI grew its stake in HDFC Bank by 3,535.1% during the 4th quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank's stock valued at $122,718,000 after purchasing an additional 1,868,804 shares in the last quarter. Finally, Egerton Capital UK LLP purchased a new stake in HDFC Bank during the 4th quarter worth approximately $72,833,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

HDB has been the topic of several recent analyst reports. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

HDB stock traded up $2.56 during trading on Thursday, reaching $71.82. 1,922,691 shares of the company's stock were exchanged, compared to its average volume of 2,791,209. The firm has a market cap of $181.87 billion, a PE ratio of 21.83, a P/E/G ratio of 2.12 and a beta of 0.68. The company's fifty day moving average price is $62.80 and its 200-day moving average price is $62.87. HDFC Bank Limited has a 1-year low of $54.99 and a 1-year high of $72.22. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts' consensus estimates 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 expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.