Healthcare of Ontario Pension Plan Trust Fund Has $71.94 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in HDFC Bank Limited (NYSE:HDB) by 47.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,150,000 shares of the bank’s stock after selling 1,035,500 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in HDFC Bank were worth $71,944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Glenmede Trust Co. NA boosted its holdings in shares of HDFC Bank by 3.6% in the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after buying an additional 167 shares during the period. Townsquare Capital LLC boosted its holdings in shares of HDFC Bank by 20.2% in the third quarter. Townsquare Capital LLC now owns 62,890 shares of the bank’s stock worth $3,934,000 after buying an additional 10,561 shares during the period. Quantbot Technologies LP boosted its holdings in shares of HDFC Bank by 46.2% in the third quarter. Quantbot Technologies LP now owns 24,747 shares of the bank’s stock worth $1,548,000 after buying an additional 7,825 shares during the period. FMR LLC boosted its holdings in shares of HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after buying an additional 1,114,210 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of HDFC Bank by 4.1% in the third quarter. The Manufacturers Life Insurance Company now owns 257,516 shares of the bank’s stock worth $16,110,000 after buying an additional 10,256 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

NYSE HDB opened at $66.65 on Wednesday. The company has a 50 day simple moving average of $63.18 and a 200-day simple moving average of $61.37. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $168.78 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.91. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $67.44.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. Equities research analysts predict that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, November 8th.

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.