Barclays PLC Has $4.75 Million Stake in HDFC Bank Limited (NYSE:HDB)

Barclays PLC lowered its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 96.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 74,425 shares of the bank's stock after selling 2,267,560 shares during the period. Barclays PLC's holdings in HDFC Bank were worth $4,752,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GQG Partners LLC lifted its holdings in HDFC Bank by 74.4% during the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock worth $503,431,000 after buying an additional 3,364,114 shares during the period. Schroder Investment Management Group raised its position in shares of HDFC Bank by 82.1% during the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after acquiring an additional 3,160,533 shares during the last quarter. FIL Ltd lifted its stake in shares of HDFC Bank by 17.5% in the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after acquiring an additional 2,599,337 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in HDFC Bank by 172.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock valued at $215,909,000 after acquiring an additional 2,140,591 shares during the last quarter. Finally, National Bank of Canada FI increased its position in HDFC Bank by 3,535.1% during the 4th quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank's stock valued at $122,718,000 after purchasing an additional 1,868,804 shares during the period. Institutional investors own 17.61% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded HDFC Bank from a "sell" rating to a "hold" rating in a report on Thursday, April 24th.

HDFC Bank Trading Up 1.8 %

HDB traded up $1.32 during trading on Friday, hitting $73.60. The company's stock had a trading volume of 509,718 shares, compared to its average volume of 2,816,013. The firm has a market capitalization of $186.38 billion, a P/E ratio of 22.38, a PEG ratio of 2.12 and a beta of 0.68. HDFC Bank Limited has a twelve month low of $54.99 and a twelve month high of $75.37. 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 stock's fifty day moving average price is $65.54 and its 200-day moving average price is $63.75.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. Analysts anticipate that HDFC Bank Limited will post 3.03 EPS 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.