AEGON ASSET MANAGEMENT UK Plc Sells 8,162 Shares of HDFC Bank Limited (NYSE:HDB)

AEGON ASSET MANAGEMENT UK Plc lessened its holdings in HDFC Bank Limited (NYSE:HDB) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 205,807 shares of the bank’s stock after selling 8,162 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in HDFC Bank were worth $13,139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Trinity Street Asset Management LLP raised its holdings in shares of 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 buying an additional 252,600 shares in the last quarter. Citigroup Inc. raised its stake in HDFC Bank by 21.1% during the third 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 in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of HDFC Bank by 60.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock valued at $19,830,000 after acquiring an additional 119,050 shares during the period. Zurich Insurance Group Ltd FI boosted its stake in shares of HDFC Bank by 34.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock valued at $8,572,000 after purchasing an additional 35,291 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew 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 purchasing an additional 28,500 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of NYSE:HDB opened at $58.47 on Friday. The business has a fifty day moving average of $63.69 and a 200-day moving average of $62.37. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $68.50. The firm has a market cap of $148.05 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 11.78%. On average, equities research analysts predict that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HDB has been the subject of several analyst reports. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday.

About HDFC Bank

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.