Huntington National Bank Sells 272 Shares of HDFC Bank Limited (NYSE:HDB)

Huntington National Bank lowered its stake in shares of HDFC Bank Limited (NYSE:HDB) by 14.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,661 shares of the bank’s stock after selling 272 shares during the quarter. Huntington National Bank’s holdings in HDFC Bank were worth $106,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. GQG Partners LLC raised its position in shares of HDFC Bank by 74.4% during the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock valued at $503,431,000 after buying an additional 3,364,114 shares in the last quarter. Schroder Investment Management Group raised its position in HDFC Bank by 82.1% during the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock valued at $447,584,000 after purchasing an additional 3,160,533 shares during the period. Robeco Institutional Asset Management B.V. raised its position in HDFC Bank by 172.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock valued at $215,909,000 after purchasing an additional 2,140,591 shares during the period. National Bank of Canada FI lifted its stake in shares of HDFC Bank by 3,535.1% in the 4th quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank’s stock valued at $122,718,000 after purchasing an additional 1,868,804 shares during the last quarter. Finally, Egerton Capital UK LLP purchased a new position in shares of HDFC Bank in the 4th quarter worth approximately $72,833,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Down 2.8 %

Shares of NYSE HDB opened at $65.12 on Monday. HDFC Bank Limited has a 1 year low of $54.99 and a 1 year high of $68.50. The firm has a 50-day simple moving average of $61.70 and a two-hundred day simple moving average of $62.78. The company has a market cap of $164.90 billion, a P/E ratio of 19.79, a PEG ratio of 2.12 and a beta of 0.68. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) 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%. Research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

HDB has been the topic of several recent research reports. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Nomura raised shares of 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.