River Global Investors LLP Sells 13,146 Shares of HDFC Bank Limited (NYSE:HDB)

River Global Investors LLP lowered its stake in shares of HDFC Bank Limited (NYSE:HDB) by 46.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,178 shares of the bank’s stock after selling 13,146 shares during the quarter. River Global Investors LLP’s holdings in HDFC Bank were worth $969,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of HDFC Bank by 44.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,514 shares of the bank’s stock worth $282,000 after purchasing an additional 1,398 shares during the period. Principal Financial Group Inc. lifted its position in HDFC Bank by 31.5% during the third quarter. Principal Financial Group Inc. now owns 47,225 shares of the bank’s stock worth $2,954,000 after purchasing an additional 11,319 shares during the period. Portside Wealth Group LLC grew its stake in HDFC Bank by 24.6% during the third quarter. Portside Wealth Group LLC now owns 8,731 shares of the bank’s stock worth $546,000 after buying an additional 1,721 shares in the last quarter. Atria Investments Inc increased its holdings in HDFC Bank by 9.4% in the 3rd quarter. Atria Investments Inc now owns 48,111 shares of the bank’s stock valued at $3,010,000 after buying an additional 4,119 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of HDFC Bank by 7.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 69,492 shares of the bank’s stock valued at $4,347,000 after buying an additional 4,764 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HDB. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Trading Up 0.0 %

HDB opened at $59.08 on Friday. The company has a market cap of $149.60 billion, a P/E ratio of 17.96, a PEG ratio of 2.12 and a beta of 0.92. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average is $60.37 and its 200-day moving average is $62.42. HDFC Bank Limited has a 1-year low of $54.07 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB) last issued 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%. Equities research analysts predict that HDFC Bank Limited will post 3.03 earnings per share 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.