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

Deutsche Bank AG cut its holdings in HDFC Bank Limited (NYSE:HDB) by 48.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,210,268 shares of the bank’s stock after selling 1,126,096 shares during the quarter. Deutsche Bank AG’s holdings in HDFC Bank were worth $77,288,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Northern Trust Corp raised its stake in HDFC Bank by 52.0% during the 4th quarter. Northern Trust Corp now owns 1,015,588 shares of the bank’s stock valued at $64,855,000 after acquiring an additional 347,488 shares during the last quarter. US Bancorp DE increased its holdings in shares of HDFC Bank by 12.7% in the fourth 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 period. Trinity Street Asset Management LLP raised its stake in shares of 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 worth $234,641,000 after purchasing an additional 252,600 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in HDFC Bank in the 4th quarter valued at $2,907,000. Finally, Ovata Capital Management Ltd grew its position in HDFC Bank by 89.7% in the 4th quarter. Ovata Capital Management Ltd now owns 690,320 shares of the bank’s stock valued at $43,863,000 after buying an additional 326,400 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HDB. 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 shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Price Performance

HDFC Bank stock opened at $70.54 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. HDFC Bank Limited has a one year low of $54.99 and a one year high of $75.37. The company has a market cap of $178.63 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. The business has a fifty day moving average of $66.95 and a two-hundred day moving average of $64.17.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. As a group, analysts predict that HDFC Bank Limited will post 3.03 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.