HDFC Bank Limited (NYSE:HDB) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its position in HDFC Bank Limited (NYSE:HDB) by 91.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,119 shares of the bank’s stock after selling 22,628 shares during the period. Quantbot Technologies LP’s holdings in HDFC Bank were worth $135,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HDB. US Bancorp DE increased its stake in shares of HDFC Bank by 12.7% during the 4th quarter. US Bancorp DE now owns 157,665 shares of the bank’s stock valued at $10,068,000 after acquiring an additional 17,800 shares during the last quarter. Trinity Street Asset Management LLP grew its position in HDFC Bank by 7.4% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock valued at $234,641,000 after acquiring an additional 252,600 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in HDFC Bank during the fourth quarter worth about $2,907,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of HDFC Bank by 60.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock worth $19,830,000 after purchasing an additional 119,050 shares during the period. Finally, Zurich Insurance Group Ltd FI lifted its stake in shares of HDFC Bank by 34.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock valued at $8,572,000 after purchasing an additional 35,291 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Down 1.1 %

Shares of HDFC Bank stock opened at $66.15 on Monday. HDFC Bank Limited has a 1-year low of $54.99 and a 1-year high of $68.50. The company has a market capitalization of $167.50 billion, a PE ratio of 20.10, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The business has a 50-day moving average of $61.01 and a 200-day moving average of $62.67.

HDFC Bank (NYSE:HDB) last released its earnings results on Wednesday, January 22nd. The bank reported $0.82 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%. As a group, equities analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HDB shares. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

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.