CIBC Private Wealth Group LLC Has $68.77 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

CIBC Private Wealth Group LLC lowered its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,138,912 shares of the bank’s stock after selling 28,975 shares during the period. CIBC Private Wealth Group LLC’s holdings in HDFC Bank were worth $68,768,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GQG Partners LLC boosted its holdings in shares of HDFC Bank by 74.4% during the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock worth $503,431,000 after buying an additional 3,364,114 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in HDFC Bank by 2,092.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock worth $213,851,000 after purchasing an additional 3,262,442 shares during the period. Schroder Investment Management Group increased its stake in HDFC Bank by 82.1% in the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock valued at $447,584,000 after purchasing an additional 3,160,533 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of HDFC Bank by 172.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock valued at $215,909,000 after purchasing an additional 2,140,591 shares during the period. Finally, Egerton Capital UK LLP bought a new position in shares of HDFC Bank during the 4th quarter worth about $72,833,000. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Trading Down 1.1 %

NYSE:HDB opened at $66.15 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. HDFC Bank Limited has a one year low of $54.99 and a one year high of $68.50. The company has a market cap of $167.50 billion, a PE ratio of 20.10, a PEG ratio of 2.12 and a beta of 0.92. The firm has a 50-day moving average of $61.01 and a 200-day moving average of $62.67.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, equities research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HDB has been the topic of a number of research reports. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

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.