Jupiter Asset Management Ltd. Lowers Position in HDFC Bank Limited (NYSE:HDB)

Jupiter Asset Management Ltd. trimmed its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,337 shares of the bank’s stock after selling 76,334 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in HDFC Bank were worth $19,818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. US Bancorp DE increased its position in shares of HDFC Bank by 12.7% in the fourth quarter. US Bancorp DE now owns 157,665 shares of the bank’s stock worth $10,068,000 after purchasing an additional 17,800 shares during the last quarter. Trinity Street Asset Management LLP increased its position in shares of HDFC Bank by 7.4% in the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock worth $234,641,000 after purchasing an additional 252,600 shares during the last quarter. Citigroup Inc. increased its position in shares of HDFC Bank by 21.1% in the third quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock worth $71,559,000 after purchasing an additional 199,582 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of HDFC Bank in the fourth quarter worth approximately $2,907,000. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of HDFC Bank by 60.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock worth $19,830,000 after purchasing an additional 119,050 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

HDFC Bank Stock Up 1.0 %

Shares of HDB opened at $60.44 on Thursday. The firm has a market cap of $153.05 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.12 and a beta of 0.92. The stock has a 50 day simple moving average of $60.12 and a two-hundred day simple moving average of $62.42. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. 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 earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, analysts forecast 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.