HDFC Bank Limited (NYSE:HDB) Shares Sold by LMR Partners LLP

LMR Partners LLP reduced its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 2.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,715,455 shares of the bank’s stock after selling 36,186 shares during the quarter. HDFC Bank makes up approximately 0.9% of LMR Partners LLP’s holdings, making the stock its 4th largest holding. LMR Partners LLP’s holdings in HDFC Bank were worth $107,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Baillie Gifford & Co. increased its holdings in shares of HDFC Bank by 2.3% during the second quarter. Baillie Gifford & Co. now owns 11,533,215 shares of the bank’s stock valued at $741,932,000 after acquiring an additional 263,690 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in HDFC Bank by 11.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,791,134 shares of the bank’s stock valued at $308,214,000 after purchasing an additional 486,653 shares in the last quarter. PineStone Asset Management Inc. raised its holdings in shares of HDFC Bank by 115.1% in the second quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank’s stock worth $287,488,000 after buying an additional 2,391,343 shares during the last quarter. Capital World Investors grew its holdings in shares of HDFC Bank by 208.6% during the first quarter. Capital World Investors now owns 4,124,751 shares of the bank’s stock valued at $230,862,000 after buying an additional 2,788,197 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of HDFC Bank by 18.1% in the 2nd quarter. Millennium Management LLC now owns 2,864,145 shares of the bank’s stock valued at $184,250,000 after acquiring an additional 438,750 shares during the period. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Trading Down 0.0 %

NYSE HDB opened at $61.90 on Monday. The company has a fifty day moving average of $62.86 and a 200 day moving average of $61.00. The company has a market capitalization of $156.75 billion, a PE ratio of 18.81, a P/E/G ratio of 1.62 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.44.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. Research analysts forecast that HDFC Bank Limited will post 3.2 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on HDB shares. JPMorgan Chase & Co. downgraded HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd. StockNews.com upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, November 8th.

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.