Rhumbline Advisers Lowers Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Rhumbline Advisers reduced its holdings in HDFC Bank Limited (NYSE:HDB) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,605 shares of the bank’s stock after selling 17,137 shares during the quarter. Rhumbline Advisers’ holdings in HDFC Bank were worth $15,301,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in HDFC Bank by 2,092.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock worth $213,851,000 after buying an additional 3,262,442 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in HDFC Bank by 172.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock worth $215,909,000 after buying an additional 2,140,591 shares during the last quarter. FMR LLC lifted its holdings in HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after buying an additional 1,114,210 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of HDFC Bank by 177.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,075,131 shares of the bank’s stock worth $69,719,000 after purchasing an additional 687,811 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of HDFC Bank by 570.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,849 shares of the bank’s stock worth $42,406,000 after purchasing an additional 576,743 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Trading Down 0.2 %

HDFC Bank stock opened at $59.46 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The business’s 50-day simple moving average is $61.36 and its 200-day simple moving average is $62.42. The firm has a market capitalization of $150.56 billion, a PE ratio of 18.07, a PEG ratio of 2.12 and a beta of 0.91. HDFC Bank Limited has a 52 week low of $53.00 and a 52 week high of $68.50.

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, beating 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.

Analyst Upgrades and Downgrades

Several research firms recently commented on HDB. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

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.