Hardman Johnston Global Advisors LLC Decreases Stake in HDFC Bank Limited (NYSE:HDB)

Hardman Johnston Global Advisors LLC trimmed its position in HDFC Bank Limited (NYSE:HDB) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,651,994 shares of the bank’s stock after selling 70,301 shares during the period. HDFC Bank accounts for approximately 7.0% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Hardman Johnston Global Advisors LLC’s holdings in HDFC Bank were worth $169,356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HDB. Trinity Street Asset Management LLP lifted its holdings in shares of HDFC Bank by 7.4% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock worth $234,641,000 after purchasing an additional 252,600 shares during the period. Citigroup Inc. grew 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 valued at $71,559,000 after buying an additional 199,582 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of HDFC Bank by 60.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock valued at $19,830,000 after buying an additional 119,050 shares during the period. Zurich Insurance Group Ltd FI lifted its stake in shares of HDFC Bank by 34.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock worth $8,572,000 after acquiring an additional 35,291 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in HDFC Bank by 13.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock valued at $15,114,000 after acquiring an additional 28,500 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Down 0.2 %

Shares of NYSE HDB opened at $59.46 on Monday. HDFC Bank Limited has a 12-month low of $53.00 and a 12-month 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 market cap of $150.56 billion, a PE ratio of 18.07, a P/E/G ratio of 2.12 and a beta of 0.91. The company’s fifty day simple moving average is $61.36 and its 200 day simple moving average is $62.45.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share 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%. As a group, sell-side analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HDB shares. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report 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.