HDFC Bank Limited (NYSE:HDB) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lessened its stake in shares of HDFC Bank Limited (NYSE:HDB) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,417,618 shares of the bank’s stock after selling 73,728 shares during the period. Mawer Investment Management Ltd. owned 0.06% of HDFC Bank worth $90,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE lifted its position 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 valued at $10,068,000 after acquiring an additional 17,800 shares in the last quarter. Trinity Street Asset Management LLP lifted its holdings in 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 valued at $234,641,000 after purchasing an additional 252,600 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in HDFC Bank during the 4th quarter worth $2,907,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of HDFC Bank by 60.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock worth $19,830,000 after buying an additional 119,050 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI raised its position in shares of HDFC Bank by 34.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock valued at $8,572,000 after buying an additional 35,291 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Down 1.1 %

NYSE HDB opened at $66.15 on Friday. The business’s fifty day simple moving average is $61.01 and its 200-day simple moving average is $62.66. 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 cap of $167.50 billion, a PE ratio of 20.10, a P/E/G ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $68.50.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

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.