C WorldWide Group Holding A S Trims Stock Position in HDFC Bank Limited (NYSE:HDB)

C WorldWide Group Holding A S lessened its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,531,058 shares of the bank’s stock after selling 77,093 shares during the period. HDFC Bank makes up 3.5% of C WorldWide Group Holding A S’s holdings, making the stock its 14th biggest position. C WorldWide Group Holding A S owned approximately 0.18% of HDFC Bank worth $289,353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HDB. Pin Oak Investment Advisors Inc. increased its holdings in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after buying an additional 275 shares in the last quarter. Sierra Ocean LLC purchased a new position in HDFC Bank in the fourth quarter valued at $42,000. Kestra Investment Management LLC purchased a new position in HDFC Bank in the fourth quarter valued at $60,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in HDFC Bank in the third quarter valued at $65,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

NYSE:HDB opened at $59.46 on Monday. 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 firm has a market capitalization of $150.56 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.12 and a beta of 0.91. The company’s 50-day moving average is $61.36 and its two-hundred day moving average is $62.45. HDFC Bank Limited has a 1-year low of $53.00 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share 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%. Analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

Analysts Set New Price Targets

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