HDFC Bank Limited (NYSE:HDB) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in HDFC Bank Limited (NYSE:HDB) by 2.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,701,315 shares of the bank’s stock after selling 59,507 shares during the period. Ameriprise Financial Inc.’s holdings in HDFC Bank were worth $172,506,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HDB. FIL Ltd boosted its position in shares of HDFC Bank by 17.5% during the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank’s stock valued at $1,115,451,000 after purchasing an additional 2,599,337 shares in the last quarter. GQG Partners LLC boosted its holdings 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 buying an additional 3,364,114 shares in the last quarter. FMR LLC grew its position in HDFC Bank by 13.3% in the fourth quarter. FMR LLC now owns 7,793,113 shares of the bank’s stock worth $497,668,000 after buying an additional 914,289 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of HDFC Bank by 82.1% in the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock valued at $447,584,000 after buying an additional 3,160,533 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of HDFC Bank by 1.7% during the 4th quarter. Franklin Resources Inc. now owns 6,917,816 shares of the bank’s stock valued at $441,772,000 after acquiring an additional 113,988 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $73.08 on Wednesday. The company’s fifty day moving average is $66.34 and its two-hundred day moving average is $64.02. The company has a market cap of $185.05 billion, a P/E ratio of 22.21, 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. 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) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. Equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share 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.