Southeastern Asset Management Inc. TN Sells 33,630 Shares of HDFC Bank Limited (NYSE:HDB)

Southeastern Asset Management Inc. TN lessened its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 34.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,489 shares of the bank's stock after selling 33,630 shares during the period. Southeastern Asset Management Inc. TN's holdings in HDFC Bank were worth $4,054,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HDB. Assenagon Asset Management S.A. increased its holdings in HDFC Bank by 823.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 59,942 shares of the bank's stock worth $3,828,000 after acquiring an additional 53,449 shares in the last quarter. Park Avenue Securities LLC increased its holdings in HDFC Bank by 39.8% in the 4th quarter. Park Avenue Securities LLC now owns 22,584 shares of the bank's stock worth $1,442,000 after acquiring an additional 6,430 shares in the last quarter. Ritholtz Wealth Management increased its holdings in HDFC Bank by 25.8% in the 4th quarter. Ritholtz Wealth Management now owns 14,506 shares of the bank's stock worth $926,000 after acquiring an additional 2,974 shares in the last quarter. Empirical Asset Management LLC purchased a new stake in HDFC Bank in the 4th quarter worth approximately $1,869,000. Finally, Trinity Street Asset Management LLP increased its holdings in HDFC Bank by 7.4% in the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock worth $234,641,000 after acquiring an additional 252,600 shares in the last quarter. Institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HDB shares. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, 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 Stock Up 2.1%

NYSE HDB opened at $73.17 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $185.29 billion, a P/E ratio of 22.24, a P/E/G ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a one year low of $55.00 and a one year high of $75.37. The stock has a 50 day moving average price of $68.00 and a 200-day moving average price of $64.40.

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

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