Financiere des Professionnels Fonds d investissement inc. Lowers Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Financiere des Professionnels Fonds d investissement inc. lowered its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,647 shares of the bank’s stock after selling 3,211 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in HDFC Bank were worth $11,536,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Sierra Ocean LLC acquired a new position in shares of HDFC Bank during the fourth quarter valued at approximately $42,000. JFS Wealth Advisors LLC raised its holdings in shares of HDFC Bank by 52.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock valued at $65,000 after acquiring an additional 351 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of HDFC Bank by 13.0% during the fourth quarter. Principal Securities Inc. now owns 2,305 shares of the bank’s stock valued at $147,000 after acquiring an additional 265 shares during the last quarter. PineStone Asset Management Inc. raised its holdings in shares of HDFC Bank by 9.8% during the fourth quarter. PineStone Asset Management Inc. now owns 3,243,349 shares of the bank’s stock valued at $207,120,000 after acquiring an additional 288,700 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG raised its holdings in shares of HDFC Bank by 451.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,490 shares of the bank’s stock valued at $1,245,000 after acquiring an additional 15,955 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

HDB has been the subject of a number of research analyst reports. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

HDFC Bank Price Performance

NYSE:HDB opened at $60.29 on Monday. HDFC Bank Limited has a one year low of $53.00 and a one year high of $68.50. 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 stock has a market cap of $152.68 billion, a PE ratio of 18.33, a P/E/G ratio of 1.70 and a beta of 0.91. The stock has a 50 day moving average price of $62.08 and a 200 day moving average price of $62.40.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities research analysts expect that HDFC Bank Limited will post 3.09 EPS 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.