MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $1.84 Million Holdings in HDFC Bank Limited (NYSE:HDB)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in shares of HDFC Bank Limited (NYSE:HDB) by 12.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 28,670 shares of the bank’s stock after selling 4,232 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in HDFC Bank were worth $1,839,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pin Oak Investment Advisors Inc. raised its position in HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of HDFC Bank in the 3rd quarter worth $38,000. JFS Wealth Advisors LLC raised its holdings in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after purchasing an additional 275 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of HDFC Bank during the third quarter valued at about $65,000. Finally, GAMMA Investing LLC lifted its position in shares of HDFC Bank by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after purchasing an additional 312 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HDB shares. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

HDFC Bank Price Performance

HDB opened at $58.95 on Friday. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $68.50. The firm has a 50-day moving average of $63.82 and a 200 day moving average of $62.42. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $149.27 billion, a P/E ratio of 17.92, a PEG ratio of 1.73 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last issued its quarterly 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 net margin of 14.64% and a return on equity of 11.78%. On average, research analysts expect that HDFC Bank Limited will post 3.13 EPS for the current year.

HDFC Bank Company 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.