NFJ Investment Group LLC Sells 4,034 Shares of HDFC Bank Limited (NYSE:HDB)

NFJ Investment Group LLC decreased its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,786 shares of the bank's stock after selling 4,034 shares during the quarter. NFJ Investment Group LLC's holdings in HDFC Bank were worth $3,179,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GQG Partners LLC boosted its stake in shares of 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 acquiring an additional 3,364,114 shares during the last quarter. Schroder Investment Management Group increased its stake in HDFC Bank by 82.1% in 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 in the last quarter. FIL Ltd lifted its position in shares of HDFC Bank by 17.5% in the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock valued at $1,115,451,000 after acquiring an additional 2,599,337 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of HDFC Bank by 172.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock valued at $215,909,000 after acquiring an additional 2,140,591 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of HDFC Bank by 3,535.1% in the fourth quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank's stock worth $122,718,000 after acquiring an additional 1,868,804 shares during the period. Institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HDB. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

HDFC Bank Price Performance

Shares of HDB stock traded up $0.82 during trading hours on Tuesday, hitting $74.59. The stock had a trading volume of 2,053,948 shares, compared to its average volume of 3,069,120. 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 stock has a market capitalization of $188.87 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.12 and a beta of 0.68. HDFC Bank Limited has a one year low of $54.99 and a one year high of $75.34. The stock's 50-day moving average price is $63.54 and its two-hundred day moving average price is $63.12.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current 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.