Hardman Johnston Global Advisors LLC Reduces Stock Position in HDFC Bank Limited (NYSE:HDB)

Hardman Johnston Global Advisors LLC decreased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,651,994 shares of the bank’s stock after selling 70,301 shares during the quarter. HDFC Bank makes up 7.0% of Hardman Johnston Global Advisors LLC’s holdings, making the stock its 2nd biggest position. Hardman Johnston Global Advisors LLC owned about 0.10% of HDFC Bank worth $169,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. boosted its holdings in shares of HDFC Bank by 104.1% during the third 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 period. JFS Wealth Advisors LLC lifted its holdings in HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after purchasing an additional 275 shares during the last quarter. Sierra Ocean LLC bought a new stake in HDFC Bank in the 4th quarter valued at $42,000. Kestra Investment Management LLC acquired a new position in HDFC Bank in the 4th quarter valued at $60,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in HDFC Bank in the 3rd quarter valued at $65,000. 17.61% of the stock is owned by institutional investors.

HDFC Bank Trading Down 0.2 %

Shares of HDFC Bank stock opened at $59.46 on Monday. The firm’s 50-day moving average price is $61.36 and its two-hundred day moving average price is $62.45. The company has a market capitalization of $150.56 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.12 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12-month low of $53.00 and a 12-month 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 for the quarter, beating 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%. On average, analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com lowered 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.

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.