LRI Investments LLC Reduces Holdings in HDFC Bank Limited (NYSE:HDB)

LRI Investments LLC trimmed its stake in HDFC Bank Limited (NYSE:HDB) by 34.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,468 shares of the bank’s stock after selling 775 shares during the period. LRI Investments LLC’s holdings in HDFC Bank were worth $91,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock valued at $213,851,000 after acquiring an additional 3,262,442 shares during the period. TPG GP A LLC purchased a new position in HDFC Bank during the 2nd quarter valued at about $95,637,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in HDFC Bank by 130.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank’s stock valued at $140,593,000 after acquiring an additional 1,236,100 shares during the period. FMR LLC lifted its position in HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after acquiring an additional 1,114,210 shares during the period. Finally, Eminence Capital LP purchased a new position in HDFC Bank during the 2nd quarter valued at about $68,340,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

HDFC Bank Stock Down 0.5 %

NYSE:HDB opened at $67.66 on Wednesday. The firm has a market cap of $171.32 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.79 and a beta of 0.92. 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 fifty-two week low of $52.16 and a fifty-two week high of $68.50. The firm has a 50-day simple moving average of $63.59 and a two-hundred day simple moving average of $62.07.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating 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%. Analysts predict that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal year.

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.