Mirae Asset Global Investments Co. Ltd. Sells 40,306 Shares of HDFC Bank Limited (NYSE:HDB)

Mirae Asset Global Investments Co. Ltd. trimmed its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 518,428 shares of the bank's stock after selling 40,306 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in HDFC Bank were worth $34,959,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of HDFC Bank by 51.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,457,211 shares of the bank's stock worth $145,000,000 after purchasing an additional 836,449 shares during the period. Northern Trust Corp raised its holdings in shares of HDFC Bank by 13.1% during the 3rd quarter. Northern Trust Corp now owns 385,864 shares of the bank's stock valued at $22,770,000 after buying an additional 44,648 shares during the period. Martin Currie Ltd. raised its holdings in shares of HDFC Bank by 1.7% during the 3rd quarter. Martin Currie Ltd. now owns 3,401,986 shares of the bank's stock valued at $200,751,000 after buying an additional 57,055 shares during the period. Citigroup Inc. raised its holdings in shares of HDFC Bank by 1,193.0% during the 3rd quarter. Citigroup Inc. now owns 749,586 shares of the bank's stock valued at $44,233,000 after buying an additional 691,615 shares during the period. Finally, Manning & Napier Group LLC raised its holdings in shares of HDFC Bank by 14.0% during the 3rd quarter. Manning & Napier Group LLC now owns 733,596 shares of the bank's stock valued at $43,290,000 after buying an additional 90,357 shares during the period. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 0.7 %

Shares of NYSE:HDB traded up $0.42 during mid-day trading on Monday, hitting $59.40. 2,844,134 shares of the company traded hands, compared to its average volume of 3,717,460. The firm has a market cap of $110.47 billion, a P/E ratio of 18.20, a PEG ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.52. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $71.39. The firm's 50 day simple moving average is $55.17 and its 200 day simple moving average is $58.64.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.11. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $5.67 billion. On average, equities analysts anticipate that HDFC Bank Limited will post 2.71 EPS for the current year.

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.