World Asset Management Inc Has $2.06 Million Holdings in HDFC Bank Limited (HDB)

World Asset Management Inc reduced its position in HDFC Bank Limited (NYSE:HDB) by 15.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,894 shares of the bank’s stock after selling 3,901 shares during the quarter. World Asset Management Inc’s holdings in HDFC Bank were worth $2,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atria Investments LLC grew its holdings in shares of HDFC Bank by 12.5% during the second quarter. Atria Investments LLC now owns 5,063 shares of the bank’s stock valued at $532,000 after buying an additional 564 shares during the last quarter. Reliance Trust Co. of Delaware grew its holdings in shares of HDFC Bank by 14.9% during the second quarter. Reliance Trust Co. of Delaware now owns 4,702 shares of the bank’s stock valued at $493,000 after buying an additional 608 shares during the last quarter. Deltec Asset Management LLC grew its holdings in shares of HDFC Bank by 1.4% during the second quarter. Deltec Asset Management LLC now owns 52,034 shares of the bank’s stock valued at $5,465,000 after buying an additional 708 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of HDFC Bank by 25.6% during the second quarter. Park Avenue Securities LLC now owns 3,671 shares of the bank’s stock valued at $381,000 after buying an additional 748 shares during the last quarter. Finally, EFG Asset Management Americas Corp. grew its holdings in shares of HDFC Bank by 23.3% during the third quarter. EFG Asset Management Americas Corp. now owns 4,089 shares of the bank’s stock valued at $385,000 after buying an additional 772 shares during the last quarter. 17.29% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on HDB shares. Zacks Investment Research raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, September 14th. ValuEngine lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.

Shares of HDB opened at $89.49 on Friday. The firm has a market cap of $81.05 billion, a PE ratio of 28.77, a P/E/G ratio of 0.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.96 and a current ratio of 0.96. HDFC Bank Limited has a 1-year low of $85.43 and a 1-year high of $112.10.

HDFC Bank (NYSE:HDB) last posted its earnings results on Monday, July 30th. The bank reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. HDFC Bank had a net margin of 18.32% and a return on equity of 15.01%. Sell-side analysts anticipate that HDFC Bank Limited will post 3.6 EPS for the current fiscal year.

HDFC Bank Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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