HDFC Bank Limited (NYSE:HDB) Shares Sold by Intermede Investment Partners Ltd

Intermede Investment Partners Ltd lowered its position in shares of HDFC Bank Limited (NYSE:HDB) by 26.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,274,348 shares of the bank’s stock after selling 457,019 shares during the quarter. HDFC Bank comprises about 2.2% of Intermede Investment Partners Ltd’s portfolio, making the stock its 26th largest position. Intermede Investment Partners Ltd’s holdings in HDFC Bank were worth $81,380,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HDB. US Bancorp DE raised its stake 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 raised its position in HDFC Bank by 7.4% during the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock worth $234,641,000 after buying an additional 252,600 shares during the last quarter. Citigroup Inc. lifted its stake in HDFC Bank by 21.1% during the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock valued at $71,559,000 after acquiring an additional 199,582 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of HDFC Bank in the 4th quarter valued at $2,907,000. Finally, Nomura Asset Management Co. Ltd. increased its stake 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 acquiring an additional 119,050 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HDB has been the subject of a number of research reports. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $60.44 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The firm’s 50 day simple moving average is $60.12 and its 200-day simple moving average is $62.42. HDFC Bank Limited has a 12 month low of $54.07 and a 12 month high of $68.50. The stock has a market capitalization of $153.05 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results 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%. Analysts expect that HDFC Bank Limited will post 3.03 EPS for the current 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.