HDFC Bank Limited (NYSE:HDB) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. reduced its stake in HDFC Bank Limited (NYSE:HDB) by 4.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,417,618 shares of the bank’s stock after selling 73,728 shares during the quarter. Mawer Investment Management Ltd.’s holdings in HDFC Bank were worth $90,529,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new position in HDFC Bank during the fourth quarter worth $29,000. Graney & King LLC purchased a new stake in shares of HDFC Bank in the 4th quarter valued at $38,000. Brown Brothers Harriman & Co. lifted its stake in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after acquiring an additional 240 shares in the last quarter. Sierra Ocean LLC purchased a new position in HDFC Bank during the 4th quarter valued at about $42,000. Finally, Kestra Investment Management LLC acquired a new position in HDFC Bank in the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Down 1.1 %

NYSE:HDB opened at $66.15 on Friday. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $68.50. The firm has a market cap of $167.50 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average price of $61.01 and a 200 day moving average price of $62.66.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (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%. Sell-side analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HDB. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

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.