HDFC Bank Limited (NYSE:HDB) Shares Sold by Lancaster Investment Management

Lancaster Investment Management decreased its position in HDFC Bank Limited (NYSE:HDB) by 18.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 217,000 shares of the bank’s stock after selling 50,000 shares during the period. HDFC Bank makes up 12.3% of Lancaster Investment Management’s investment portfolio, making the stock its 4th largest position. Lancaster Investment Management’s holdings in HDFC Bank were worth $13,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE grew its position in shares of HDFC Bank by 12.7% in the 4th quarter. US Bancorp DE now owns 157,665 shares of the bank’s stock worth $10,068,000 after acquiring an additional 17,800 shares in the last quarter. Trinity Street Asset Management LLP grew its position in shares of HDFC Bank by 7.4% in the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock worth $234,641,000 after acquiring an additional 252,600 shares in the last quarter. Citigroup Inc. grew its position in shares of HDFC Bank by 21.1% in the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock worth $71,559,000 after acquiring an additional 199,582 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of HDFC Bank in the 4th quarter worth approximately $2,907,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in HDFC Bank by 60.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock valued at $19,830,000 after purchasing an additional 119,050 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Trading Up 1.0 %

NYSE:HDB opened at $60.44 on Thursday. The business has a 50 day simple moving average of $60.12 and a 200 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. The firm has a market capitalization 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. HDFC Bank Limited has a 12-month low of $54.07 and a 12-month high of $68.50.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating 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%. Equities research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.