HDFC Bank Limited (NYSE:HDB) Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd lowered its position in HDFC Bank Limited (NYSE:HDB) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,177 shares of the bank’s stock after selling 900 shares during the quarter. Premier Fund Managers Ltd’s holdings in HDFC Bank were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HDB. Whipplewood Advisors LLC bought a new position in shares of HDFC Bank in the fourth quarter worth $29,000. Pin Oak Investment Advisors Inc. increased its stake in HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares during the period. Graney & King LLC bought a new stake in shares of HDFC Bank during the 4th quarter worth about $38,000. Sierra Ocean LLC bought a new position in shares of HDFC Bank in the fourth quarter valued at approximately $42,000. Finally, Kestra Investment Management LLC acquired a new position in shares of HDFC Bank during the fourth quarter valued at approximately $60,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

HDB opened at $66.72 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a market cap of $168.94 billion, a PE ratio of 20.28, a P/E/G ratio of 2.12 and a beta of 0.92. The business has a fifty day simple moving average of $60.85 and a 200-day simple moving average of $62.61. HDFC Bank Limited has a fifty-two week low of $54.99 and a fifty-two week high of $68.50.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, equities analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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