Alberta Investment Management Corp Decreases Position in HDFC Bank Limited (NYSE:HDB)

Alberta Investment Management Corp cut its position in HDFC Bank Limited (NYSE:HDB) by 16.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 165,596 shares of the bank’s stock after selling 33,101 shares during the period. Alberta Investment Management Corp’s holdings in HDFC Bank were worth $10,575,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HDB. Pin Oak Investment Advisors Inc. grew its stake in shares of HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after acquiring an additional 254 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of HDFC Bank in the third quarter worth approximately $38,000. Sierra Ocean LLC bought a new position in shares of HDFC Bank in the fourth quarter worth approximately $42,000. JFS Wealth Advisors LLC boosted its position in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after purchasing an additional 275 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of HDFC Bank in the fourth quarter worth approximately $60,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on HDB. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Price Performance

HDFC Bank stock opened at $60.76 on Thursday. HDFC Bank Limited has a 52-week low of $53.00 and a 52-week high of $68.50. 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’s fifty day moving average is $61.65 and its 200 day moving average is $62.41. The company has a market cap of $153.85 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.66 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last released 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%. Sell-side analysts forecast that HDFC Bank Limited will post 3.09 EPS for the current fiscal year.

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.