Nuveen Asset Management LLC Sells 814,425 Shares of HDFC Bank Limited (NYSE:HDB)

Nuveen Asset Management LLC trimmed its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 40.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,206,129 shares of the bank's stock after selling 814,425 shares during the quarter. Nuveen Asset Management LLC's holdings in HDFC Bank were worth $77,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Northern Trust Corp increased its stake in shares of HDFC Bank by 52.0% during the fourth quarter. Northern Trust Corp now owns 1,015,588 shares of the bank's stock worth $64,855,000 after buying an additional 347,488 shares during the period. US Bancorp DE increased its position in HDFC Bank by 12.7% in the fourth quarter. US Bancorp DE now owns 157,665 shares of the bank's stock worth $10,068,000 after buying an additional 17,800 shares during the period. Tudor Investment Corp ET AL bought a new position in HDFC Bank during the fourth quarter valued at about $580,000. Trinity Street Asset Management LLP raised its stake in shares of HDFC Bank by 7.4% during the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock worth $234,641,000 after purchasing an additional 252,600 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in HDFC Bank in the 4th quarter valued at approximately $2,907,000. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Price Performance

Shares of HDB traded down $0.09 during trading hours on Wednesday, reaching $72.98. The company had a trading volume of 1,453,349 shares, compared to its average volume of 2,818,565. HDFC Bank Limited has a 12-month low of $55.00 and a 12-month high of $75.37. The company has a market capitalization of $184.81 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.12 and a beta of 0.63. The firm has a 50 day simple moving average of $68.79 and a 200-day simple moving average of $64.60. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. The company had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HDB shares. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, StockNews.com upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.

HDFC Bank Company 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.