DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $7.21 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its position in HDFC Bank Limited (NYSE:HDB) by 80.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 112,901 shares of the bank’s stock after selling 471,912 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in HDFC Bank were worth $7,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Eagle Global Advisors LLC increased its holdings in shares of HDFC Bank by 0.4% during the fourth quarter. Eagle Global Advisors LLC now owns 84,660 shares of the bank’s stock worth $5,406,000 after buying an additional 305 shares in the last quarter. Eminence Capital LP increased its holdings in HDFC Bank by 6.5% during the 4th quarter. Eminence Capital LP now owns 997,536 shares of the bank’s stock valued at $63,703,000 after purchasing an additional 60,824 shares in the last quarter. Cetera Investment Advisers raised its position in HDFC Bank by 2.1% in the 4th quarter. Cetera Investment Advisers now owns 16,052 shares of the bank’s stock valued at $1,025,000 after purchasing an additional 324 shares during the last quarter. Bridgefront Capital LLC acquired a new position in HDFC Bank in the fourth quarter worth $333,000. Finally, Bamco Inc. NY grew its holdings in shares of HDFC Bank by 4.4% during the fourth quarter. Bamco Inc. NY now owns 46,684 shares of the bank’s stock worth $2,981,000 after purchasing an additional 1,986 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HDB shares. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Finally, Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

HDFC Bank Trading Up 1.5 %

Shares of HDB opened at $70.54 on Friday. The stock’s fifty day simple moving average is $66.95 and its 200-day simple moving average is $64.17. 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 market capitalization of $178.63 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $75.37.

HDFC Bank (NYSE:HDB) last issued its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

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.