Henry James International Management Inc. Reduces Stake in HDFC Bank Limited (NYSE:HDB)

Henry James International Management Inc. reduced its stake in shares of HDFC Bank Limited (NYSE:HDB) by 0.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,683 shares of the bank’s stock after selling 236 shares during the period. Henry James International Management Inc.’s holdings in HDFC Bank were worth $2,662,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in shares of HDFC Bank during the 4th quarter valued at about $29,000. Pin Oak Investment Advisors Inc. boosted its position in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after purchasing an additional 254 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after purchasing an additional 275 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of HDFC Bank in the fourth quarter valued at approximately $42,000. Finally, Kestra Investment Management LLC acquired a new position in shares of HDFC Bank during the 4th quarter worth approximately $60,000. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of HDB opened at $61.63 on Friday. The company has a market cap of $156.07 billion, a P/E ratio of 18.73, a PEG ratio of 2.12 and a beta of 0.91. HDFC Bank Limited has a fifty-two week low of $53.19 and a fifty-two 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’s 50 day moving average price is $60.89 and its 200 day moving average price is $62.41.

HDFC Bank (NYSE:HDB) last released its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating 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 forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

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. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

HDFC Bank 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.