HDFC Bank Limited (NYSE:HDB) Holdings Reduced by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP decreased its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 0.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,642,000 shares of the bank's stock after selling 32,300 shares during the period. HDFC Bank comprises approximately 24.5% of Trinity Street Asset Management LLP's portfolio, making the stock its biggest holding. Trinity Street Asset Management LLP owned about 0.14% of HDFC Bank worth $241,974,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HDB. GQG Partners LLC increased its position in HDFC Bank by 74.4% during the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock valued at $503,431,000 after purchasing an additional 3,364,114 shares during the period. Schroder Investment Management Group increased 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 valued at $447,584,000 after buying an additional 3,160,533 shares during the period. FIL Ltd raised its stake in 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 buying an additional 2,599,337 shares in the last quarter. Royal Bank of Canada lifted its holdings in HDFC Bank by 43.0% in the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock worth $466,629,000 after buying an additional 2,196,315 shares during the period. Finally, National Bank of Canada FI boosted 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 acquiring an additional 1,868,804 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th.

HDFC Bank Stock Up 0.8%

Shares of HDFC Bank stock traded up $0.63 during trading on Thursday, hitting $75.71. The company's stock had a trading volume of 1,801,295 shares, compared to its average volume of 2,869,876. HDFC Bank Limited has a 52 week low of $57.24 and a 52 week high of $75.98. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a fifty day simple moving average of $71.01 and a two-hundred day simple moving average of $65.45. The company has a market capitalization of $191.72 billion, a PE ratio of 23.01, a P/E/G ratio of 2.12 and a beta of 0.63.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. Equities research analysts predict 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.