Janus Henderson Group PLC Sells 2,794 Shares of HDFC Bank Limited (NYSE:HDB)

Janus Henderson Group PLC trimmed its stake in HDFC Bank Limited (NYSE:HDB) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 973,979 shares of the bank’s stock after selling 2,794 shares during the quarter. Janus Henderson Group PLC’s holdings in HDFC Bank were worth $62,189,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp boosted its stake in shares of HDFC Bank by 52.0% in the 4th quarter. Northern Trust Corp now owns 1,015,588 shares of the bank’s stock valued at $64,855,000 after purchasing an additional 347,488 shares in the last quarter. US Bancorp DE lifted its holdings in 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 purchasing an additional 17,800 shares during the last quarter. Trinity Street Asset Management LLP boosted its position in HDFC Bank by 7.4% in 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 buying an additional 252,600 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in HDFC Bank during the fourth quarter worth about $580,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of HDFC Bank during the fourth quarter worth approximately $2,907,000. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Trading Down 0.3%

HDB opened at $72.32 on Wednesday. HDFC Bank Limited has a 1-year low of $54.99 and a 1-year high of $75.37. The stock has a market capitalization of $183.14 billion, a PE ratio of 21.98, a PEG ratio of 2.12 and a beta of 0.63. 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 firm has a 50-day moving average price of $67.46 and a two-hundred day moving average price of $64.29.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HDB shares. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-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.