HDFC Bank Limited $HDB Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its stake in HDFC Bank Limited (NYSE:HDB) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,773,426 shares of the bank’s stock after selling 259,456 shares during the period. HDFC Bank accounts for about 1.2% of Fiera Capital Corp’s holdings, making the stock its 28th biggest position. Fiera Capital Corp owned 0.19% of HDFC Bank worth $365,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Vernon Capital Holdings II LLC acquired a new position in HDFC Bank in the first quarter valued at $1,546,956,000. GQG Partners LLC increased its position in shares of HDFC Bank by 105.5% during the first quarter. GQG Partners LLC now owns 16,196,992 shares of the bank’s stock worth $1,076,128,000 after purchasing an additional 8,313,645 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of HDFC Bank by 3,715.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,199,717 shares of the bank’s stock valued at $279,029,000 after purchasing an additional 4,089,647 shares during the last quarter. Royal Bank of Canada boosted its position in shares of HDFC Bank by 53.5% in the 1st quarter. Royal Bank of Canada now owns 11,214,711 shares of the bank’s stock valued at $745,107,000 after purchasing an additional 3,907,637 shares during the period. Finally, Nuveen LLC purchased a new position in HDFC Bank during the 1st quarter worth approximately $178,342,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $36.49 on Thursday. The stock has a fifty day moving average price of $35.52 and a 200 day moving average price of $36.71. HDFC Bank Limited has a 1-year low of $28.89 and a 1-year high of $39.81. The company has a market cap of $186.13 billion, a PE ratio of 22.18, a P/E/G ratio of 1.92 and a beta of 0.69.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, October 18th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.08. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $4.98 billion. Analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HDB shares. Weiss Ratings reiterated a “hold (c)” rating on shares of HDFC Bank in a research note on Wednesday, October 8th. Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

HDFC Bank Company 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.