MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Trims Holdings in HDFC Bank Limited (NYSE:HDB)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 12.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 28,670 shares of the bank’s stock after selling 4,232 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in HDFC Bank were worth $1,839,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HDB. Glenmede Trust Co. NA boosted its position 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 valued at $301,000 after acquiring an additional 167 shares during the period. Commerce Bank grew its position in shares of HDFC Bank by 7.0% during the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock valued at $214,000 after purchasing an additional 225 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its holdings in shares of HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after purchasing an additional 254 shares during the period. Mount Yale Investment Advisors LLC raised its position in shares of HDFC Bank by 4.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock worth $399,000 after buying an additional 257 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its position in HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HDB shares. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday. 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 Price Performance

HDB opened at $58.95 on Friday. The stock has a 50-day moving average price of $63.82 and a 200-day moving average price of $62.42. The stock has a market capitalization of $149.27 billion, a P/E ratio of 17.92, a PEG ratio of 1.73 and a beta of 0.92. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $68.50. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 11.78%. Equities analysts predict that HDFC Bank Limited will post 3.13 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.