HDFC Bank Limited (NYSE:HDB) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 48.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,210,268 shares of the bank’s stock after selling 1,126,096 shares during the period. Deutsche Bank AG’s holdings in HDFC Bank were worth $77,288,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Eagle Global Advisors LLC increased its position in HDFC Bank by 0.4% during the fourth quarter. Eagle Global Advisors LLC now owns 84,660 shares of the bank’s stock worth $5,406,000 after buying an additional 305 shares in the last quarter. Eminence Capital LP lifted its holdings in HDFC Bank by 6.5% in the 4th quarter. Eminence Capital LP now owns 997,536 shares of the bank’s stock valued at $63,703,000 after purchasing an additional 60,824 shares in the last quarter. Cetera Investment Advisers raised its position in shares of HDFC Bank by 2.1% in the fourth quarter. Cetera Investment Advisers now owns 16,052 shares of the bank’s stock valued at $1,025,000 after buying an additional 324 shares during the last quarter. Bridgefront Capital LLC acquired a new stake in HDFC Bank during the fourth quarter worth approximately $333,000. Finally, Bamco Inc. NY grew its stake in HDFC Bank by 4.4% in the 4th quarter. Bamco Inc. NY now owns 46,684 shares of the bank’s stock worth $2,981,000 after acquiring an additional 1,986 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

HDFC Bank Stock Up 1.5%

Shares of NYSE HDB opened at $70.54 on Monday. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $75.37. The stock has a market capitalization of $178.63 billion, a PE ratio of 21.44, a P/E/G ratio of 2.12 and a beta of 0.63. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a fifty day moving average of $66.95 and a 200-day moving average of $64.17.

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