HDFC Bank Limited (NYSE:HDB) Holdings Cut by Foresight Global Investors Inc.

Foresight Global Investors Inc. lessened its position in HDFC Bank Limited (NYSE:HDB) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,735 shares of the bank’s stock after selling 24,576 shares during the period. HDFC Bank comprises 10.8% of Foresight Global Investors Inc.’s portfolio, making the stock its 5th largest holding. Foresight Global Investors Inc.’s holdings in HDFC Bank were worth $14,799,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in HDFC Bank by 2,092.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock worth $213,851,000 after buying an additional 3,262,442 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of HDFC Bank by 172.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock worth $215,909,000 after acquiring an additional 2,140,591 shares during the period. Egerton Capital UK LLP acquired a new stake in shares of HDFC Bank in the fourth quarter worth approximately $72,833,000. FMR LLC grew its holdings in HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after purchasing an additional 1,114,210 shares during the period. Finally, DJE Kapital AG acquired a new position in HDFC Bank during the fourth quarter worth approximately $54,055,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $62.36 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank Limited has a 1-year low of $54.07 and a 1-year high of $68.50. The company has a market capitalization of $157.91 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 2.12 and a beta of 0.92. The business has a 50-day moving average of $60.01 and a 200-day moving average of $62.44.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (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%. On average, equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

HDB has been the subject of a number of research reports. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a report 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 raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note 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.