Fiera Capital Corp Reduces Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Fiera Capital Corp cut its position in shares of HDFC Bank Limited (NYSE:HDB) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,761,361 shares of the bank’s stock after selling 28,055 shares during the period. HDFC Bank makes up 1.2% of Fiera Capital Corp’s holdings, making the stock its 27th biggest holding. Fiera Capital Corp owned 0.23% of HDFC Bank worth $367,921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in shares of HDFC Bank by 2.4% during the 2nd quarter. Cetera Investment Advisers now owns 14,979 shares of the bank’s stock valued at $964,000 after buying an additional 358 shares during the period. GAMMA Investing LLC increased its stake in HDFC Bank by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock worth $76,000 after acquiring an additional 312 shares during the last quarter. CWM LLC raised its position in HDFC Bank by 2,567.2% in the third quarter. CWM LLC now owns 3,094 shares of the bank’s stock valued at $194,000 after purchasing an additional 2,978 shares during the period. Ritholtz Wealth Management lifted its stake in shares of HDFC Bank by 38.6% in the 3rd quarter. Ritholtz Wealth Management now owns 11,532 shares of the bank’s stock valued at $721,000 after purchasing an additional 3,210 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of HDFC Bank by 26.0% during the 3rd quarter. Creative Planning now owns 130,768 shares of the bank’s stock worth $8,181,000 after purchasing an additional 26,983 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HDB has been the topic of several research analyst reports. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $60.29 on Thursday. The stock has a market capitalization of $152.67 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91. 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 $62.52 and a 200 day moving average of $62.41. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data 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 net margin of 14.64% and a return on equity of 12.19%. As a group, sell-side analysts forecast that HDFC Bank Limited will post 3.09 earnings per share 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.