BNP Paribas Lowers Holdings in HDFC Bank Limited (NYSE:HDB)

BNP Paribas lowered its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 168,817 shares of the bank's stock after selling 5,211 shares during the period. BNP Paribas' holdings in HDFC Bank were worth $10,781,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HDB. FIL Ltd lifted its stake in HDFC Bank by 17.5% in the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after purchasing an additional 2,599,337 shares in the last quarter. GQG Partners LLC lifted its position in shares of HDFC Bank by 74.4% in the fourth 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 in the last quarter. FMR LLC boosted its stake in HDFC Bank by 13.3% during the fourth quarter. FMR LLC now owns 7,793,113 shares of the bank's stock valued at $497,668,000 after buying an additional 914,289 shares during the last quarter. Schroder Investment Management Group grew its holdings in HDFC Bank by 82.1% during the 4th 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 in the last quarter. Finally, Franklin Resources Inc. increased its stake in HDFC Bank by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 6,917,816 shares of the bank's stock worth $441,772,000 after acquiring an additional 113,988 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Up 1.3 %

Shares of NYSE:HDB traded up $0.90 during trading hours on Friday, hitting $70.40. 1,331,265 shares of the company's stock traded hands, compared to its average volume of 3,014,648. The business has a fifty day moving average price of $66.74 and a 200-day moving average price of $64.12. HDFC Bank Limited has a 1 year low of $54.99 and a 1 year high of $75.37. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $178.27 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63.

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, beating analysts' consensus estimates 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 analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

HDB has been the subject of a number of recent research reports. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, StockNews.com cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a research report on Monday.

HDFC Bank 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.