West Family Investments Inc. Has $1.20 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

West Family Investments Inc. lowered its stake in shares of HDFC Bank Limited (NYSE:HDB) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,709 shares of the bank’s stock after selling 2,871 shares during the quarter. West Family Investments Inc.’s holdings in HDFC Bank were worth $1,195,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HDB. Whipplewood Advisors LLC bought a new stake in HDFC Bank during the 4th quarter worth about $29,000. Pin Oak Investment Advisors Inc. grew its holdings in HDFC Bank by 104.1% during the 3rd 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 last quarter. Sierra Ocean LLC bought a new stake in HDFC Bank during the 4th quarter worth about $42,000. Kestra Investment Management LLC bought a new stake in HDFC Bank during the 4th quarter worth about $60,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in HDFC Bank during the 3rd quarter worth about $65,000. Institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

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

HDFC Bank Stock Down 2.2 %

Shares of NYSE HDB opened at $59.00 on Friday. The firm has a market capitalization of $149.40 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 2.12 and a beta of 0.91. 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 Limited has a 1 year low of $54.07 and a 1 year high of $68.50. The firm’s 50-day moving average is $60.48 and its 200-day moving average is $62.43.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (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%. Equities 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.