HDFC Bank Limited (NYSE:HDB) Stake Lessened by Blair William & Co. IL

Blair William & Co. IL trimmed its stake in shares of HDFC Bank Limited (NYSE:HDB) by 40.4% during the fourth quarter, HoldingsChannel reports. The fund owned 9,140 shares of the bank’s stock after selling 6,201 shares during the quarter. Blair William & Co. IL’s holdings in HDFC Bank were worth $584,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership lifted its position in shares of HDFC Bank by 2.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,859,809 shares of the bank’s stock worth $118,767,000 after purchasing an additional 36,303 shares during the last quarter. Graney & King LLC acquired a new stake in HDFC Bank during the fourth quarter valued at approximately $38,000. Summitry LLC lifted its holdings in HDFC Bank by 18.1% during the 4th quarter. Summitry LLC now owns 6,760 shares of the bank’s stock worth $432,000 after buying an additional 1,037 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of HDFC Bank in the 4th quarter worth approximately $433,000. Finally, GQG Partners LLC increased its holdings in shares of HDFC Bank by 74.4% in the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock valued at $503,431,000 after acquiring an additional 3,364,114 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Up 1.3 %

Shares of HDFC Bank stock opened at $66.95 on Friday. The stock has a market capitalization of $169.53 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a twelve month low of $54.99 and a twelve month high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The business’s 50 day simple moving average is $61.57 and its 200-day simple moving average is $62.77.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HDB shares. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Nomura Securities upgraded shares of 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.