Jupiter Asset Management Ltd. Reduces Position in HDFC Bank Limited (NYSE:HDB)

Jupiter Asset Management Ltd. lessened its stake in shares of HDFC Bank Limited (NYSE:HDB) by 19.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 310,337 shares of the bank’s stock after selling 76,334 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in HDFC Bank were worth $19,818,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of HDFC Bank during the fourth quarter valued at approximately $29,000. Pin Oak Investment Advisors Inc. boosted its stake 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 valued at $31,000 after purchasing an additional 254 shares during the period. Sierra Ocean LLC purchased a new stake in HDFC Bank in the fourth quarter worth $42,000. Kestra Investment Management LLC purchased a new stake in HDFC Bank in the fourth quarter worth $60,000. Finally, JFS Wealth Advisors LLC lifted its stake in HDFC Bank by 52.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock worth $65,000 after acquiring an additional 351 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDB stock opened at $60.44 on Thursday. The stock has a fifty day moving average of $60.12 and a 200 day moving average of $62.42. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm 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 Limited has a 52 week low of $54.07 and a 52 week high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (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, research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.