HDFC Bank Limited (NYSE:HDB) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC reduced its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,381,599 shares of the bank's stock after selling 43,726 shares during the quarter. Lazard Asset Management LLC owned about 0.17% of HDFC Bank worth $279,807,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Letko Brosseau & Associates Inc. grew its holdings in shares of HDFC Bank by 19.9% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 53,100 shares of the bank's stock valued at $3,391,000 after buying an additional 8,800 shares during the last quarter. LMR Partners LLP raised its stake in HDFC Bank by 2.0% in the 4th quarter. LMR Partners LLP now owns 1,750,000 shares of the bank's stock worth $111,755,000 after acquiring an additional 34,545 shares during the last quarter. LRI Investments LLC lifted its position in HDFC Bank by 50.8% during the 4th quarter. LRI Investments LLC now owns 2,214 shares of the bank's stock worth $141,000 after acquiring an additional 746 shares during the period. JARISLOWSKY FRASER Ltd grew its stake in HDFC Bank by 2.4% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 1,698,012 shares of the bank's stock valued at $108,435,000 after purchasing an additional 40,080 shares during the last quarter. Finally, Hyperion Capital Advisors LP grew its stake in HDFC Bank by 27.5% during the 4th quarter. Hyperion Capital Advisors LP now owns 7,420 shares of the bank's stock valued at $474,000 after purchasing an additional 1,600 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

HDFC Bank Price Performance

Shares of HDFC Bank stock traded up $1.51 during trading hours on Thursday, reaching $73.17. 2,586,784 shares of the company's stock were exchanged, compared to its average volume of 2,820,753. The business has a fifty day moving average of $67.72 and a two-hundred day moving average of $64.34. 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 company has a market capitalization of $185.29 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a 1 year low of $55.00 and a 1 year high of $75.37.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. As a group, research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

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.