Mawer Investment Management Ltd. Has $93.30 Million Position in HDFC Bank Limited (NYSE:HDB)

Mawer Investment Management Ltd. lessened its stake in HDFC Bank Limited (NYSE:HDB) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,491,346 shares of the bank’s stock after selling 67,974 shares during the quarter. Mawer Investment Management Ltd. owned 0.06% of HDFC Bank worth $93,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of HDFC Bank by 5.4% in the second quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock valued at $311,000 after acquiring an additional 248 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its position in shares of HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock worth $399,000 after purchasing an additional 257 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after purchasing an additional 275 shares during the period. Prime Capital Investment Advisors LLC increased its stake in shares of HDFC Bank by 1.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 25,576 shares of the bank’s stock valued at $1,600,000 after acquiring an additional 308 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of HDFC Bank by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after acquiring an additional 312 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HDB. StockNews.com upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd.

HDFC Bank Price Performance

NYSE:HDB traded up $0.52 during trading hours on Monday, reaching $62.42. The stock had a trading volume of 85,675 shares, compared to its average volume of 2,966,104. 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 52 week low of $52.16 and a 52 week high of $67.44. The company has a 50 day moving average price of $62.86 and a two-hundred day moving average price of $61.00. The stock has a market capitalization of $158.07 billion, a PE ratio of 18.81, a PEG ratio of 1.62 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. As a group, sell-side analysts anticipate that HDFC Bank Limited will post 3.2 earnings per share for the current fiscal year.

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.