Janus Henderson Group PLC Cuts Holdings in HDFC Bank Limited (NYSE:HDB)

Janus Henderson Group PLC lessened its stake in HDFC Bank Limited (NYSE:HDB) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 976,773 shares of the bank’s stock after selling 10,694 shares during the period. Janus Henderson Group PLC’s holdings in HDFC Bank were worth $61,102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HDB. Citigroup Inc. lifted its holdings in shares of HDFC Bank by 21.1% in the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock worth $71,559,000 after acquiring an additional 199,582 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of HDFC Bank by 13.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock worth $15,114,000 after acquiring an additional 28,500 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in shares of HDFC Bank by 42.2% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 34,100 shares of the bank’s stock worth $2,133,000 after acquiring an additional 10,127 shares during the last quarter. US Bancorp DE lifted its holdings in shares of HDFC Bank by 38.1% in the 3rd quarter. US Bancorp DE now owns 139,865 shares of the bank’s stock worth $8,750,000 after acquiring an additional 38,571 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of HDFC Bank by 9.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,955,982 shares of the bank’s stock worth $247,486,000 after acquiring an additional 325,999 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.0 %

Shares of HDB opened at $67.71 on Friday. The firm has a 50 day moving average price of $63.43 and a 200-day moving average price of $61.83. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $68.41. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $171.46 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.77 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. As a group, equities research analysts forecast that HDFC Bank Limited will post 3.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

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.