Tokio Marine Asset Management Co. Ltd. Lowers Holdings in HDFC Bank Limited (NYSE:HDB)

Tokio Marine Asset Management Co. Ltd. decreased its holdings in HDFC Bank Limited (NYSE:HDB) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,500 shares of the bank’s stock after selling 500 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in HDFC Bank were worth $15,536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HDB. Wellington Management Group LLP grew its holdings in shares of HDFC Bank by 51.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,457,211 shares of the bank’s stock worth $145,000,000 after purchasing an additional 836,449 shares during the period. Northern Trust Corp boosted its holdings in HDFC Bank by 13.1% in the 3rd quarter. Northern Trust Corp now owns 385,864 shares of the bank’s stock worth $22,770,000 after acquiring an additional 44,648 shares during the period. Martin Currie Ltd. boosted its holdings in HDFC Bank by 1.7% in the 3rd quarter. Martin Currie Ltd. now owns 3,401,986 shares of the bank’s stock worth $200,751,000 after acquiring an additional 57,055 shares during the period. Citigroup Inc. boosted its holdings in HDFC Bank by 1,193.0% in the 3rd quarter. Citigroup Inc. now owns 749,586 shares of the bank’s stock worth $44,233,000 after acquiring an additional 691,615 shares during the period. Finally, Manning & Napier Group LLC boosted its holdings in HDFC Bank by 14.0% in the 3rd quarter. Manning & Napier Group LLC now owns 733,596 shares of the bank’s stock worth $43,290,000 after acquiring an additional 90,357 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDB stock traded down $0.19 on Wednesday, hitting $58.25. 1,633,808 shares of the stock traded hands, compared to its average volume of 3,603,219. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $71.39. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.52 and a quick ratio of 0.52. The company’s fifty day moving average is $56.02 and its 200 day moving average is $58.57. The company has a market capitalization of $108.34 billion, a PE ratio of 17.87, a PEG ratio of 1.45 and a beta of 0.87.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday.

About HDFC Bank

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.