Janus Henderson Group PLC Sells 2,794 Shares of HDFC Bank Limited (NYSE:HDB)

Janus Henderson Group PLC reduced its holdings in HDFC Bank Limited (NYSE:HDB) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 973,979 shares of the bank’s stock after selling 2,794 shares during the quarter. Janus Henderson Group PLC’s holdings in HDFC Bank were worth $62,189,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. JARISLOWSKY FRASER Ltd grew its holdings in HDFC Bank by 2.4% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 1,698,012 shares of the bank’s stock valued at $108,435,000 after buying an additional 40,080 shares during the last quarter. Hyperion Capital Advisors LP boosted its position in shares of HDFC Bank by 27.5% in the fourth quarter. Hyperion Capital Advisors LP now owns 7,420 shares of the bank’s stock valued at $474,000 after acquiring an additional 1,600 shares during the period. Graham Capital Management L.P. acquired a new stake in shares of HDFC Bank in the fourth quarter worth $591,000. Focus Partners Wealth acquired a new stake in shares of HDFC Bank in the fourth quarter worth $221,000. Finally, Elliott Investment Management L.P. increased its position in HDFC Bank by 5.8% during the fourth quarter. Elliott Investment Management L.P. now owns 670,215 shares of the bank’s stock worth $42,800,000 after acquiring an additional 36,491 shares during the period. 17.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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 report on Thursday, January 23rd. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday, May 5th.

HDFC Bank Stock Performance

Shares of NYSE HDB opened at $72.32 on Wednesday. The firm has a market capitalization of $183.14 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a one year low of $54.99 and a one year high of $75.37. The business has a fifty day simple moving average of $67.46 and a 200 day simple moving average of $64.29. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Sell-side analysts expect 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.