Nordea Investment Management AB Has $21.90 Million Position in HDFC Bank Limited (NYSE:HDB)

Nordea Investment Management AB grew its holdings in HDFC Bank Limited (NYSE:HDB) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 343,833 shares of the bank’s stock after buying an additional 28,974 shares during the quarter. Nordea Investment Management AB’s holdings in HDFC Bank were worth $21,899,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. increased its stake in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of HDFC Bank in the 3rd quarter valued at approximately $38,000. JFS Wealth Advisors LLC lifted its position in shares of HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares during the period. RPg Family Wealth Advisory LLC bought a new position in shares of HDFC Bank during the 3rd quarter worth approximately $65,000. Finally, GAMMA Investing LLC boosted its stake in HDFC Bank by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after buying an additional 312 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $60.39 on Thursday. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $68.50. The firm’s 50-day moving average price is $64.69 and its two-hundred day moving average price is $62.83. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $152.93 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.78 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. On average, equities analysts predict that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal year.

About HDFC Bank

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.