Ninety One SA PTY Ltd Sells 5,413 Shares of HDFC Bank Limited (NYSE:HDB)

Ninety One SA PTY Ltd lowered its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,637 shares of the bank's stock after selling 5,413 shares during the period. Ninety One SA PTY Ltd's holdings in HDFC Bank were worth $3,298,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HDB. GQG Partners LLC increased 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 purchasing an additional 3,364,114 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of HDFC Bank by 82.1% during the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after buying an additional 3,160,533 shares during the last quarter. FIL Ltd boosted its stake in shares of HDFC Bank by 17.5% during the 4th 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 during the last quarter. Royal Bank of Canada boosted its stake in shares of HDFC Bank by 43.0% during the 4th 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 last quarter. Finally, National Bank of Canada FI boosted its stake in shares of 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 worth $122,718,000 after buying an additional 1,868,804 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.

HDFC Bank Stock Performance

HDFC Bank stock traded up $0.68 during trading hours on Tuesday, hitting $76.16. The company had a trading volume of 1,623,332 shares, compared to its average volume of 2,725,409. The firm has a market cap of $192.86 billion, a PE ratio of 23.08, a PEG ratio of 1.85 and a beta of 0.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.07 and a quick ratio of 0.09. HDFC Bank Limited has a one year low of $57.24 and a one year high of $78.14. The firm has a 50-day moving average of $74.40 and a 200 day moving average of $67.00.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a net margin of 15.02% and a return on equity of 13.85%. The company had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. On average, sell-side analysts expect 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.