Janney Capital Management LLC Lowers Holdings in HDFC Bank Limited (NYSE:HDB)

Janney Capital Management LLC reduced its stake in shares of HDFC Bank Limited (NYSE:HDB) by 2.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 99,593 shares of the bank’s stock after selling 2,125 shares during the period. Janney Capital Management LLC’s holdings in HDFC Bank were worth $6,231,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital World Investors raised its position in HDFC Bank by 208.6% during the first quarter. Capital World Investors now owns 4,124,751 shares of the bank’s stock valued at $230,862,000 after acquiring an additional 2,788,197 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of HDFC Bank during the 2nd quarter valued at approximately $166,709,000. PineStone Asset Management Inc. lifted its stake in shares of HDFC Bank by 115.1% in the 2nd quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank’s stock valued at $287,488,000 after purchasing an additional 2,391,343 shares during the period. CCLA Investment Management lifted its stake in shares of HDFC Bank by 100,691.5% in the 1st quarter. CCLA Investment Management now owns 1,748,733 shares of the bank’s stock valued at $97,534,000 after purchasing an additional 1,746,998 shares during the period. Finally, Sustainable Growth Advisers LP grew its position in HDFC Bank by 24.1% during the first quarter. Sustainable Growth Advisers LP now owns 8,824,089 shares of the bank’s stock valued at $493,884,000 after buying an additional 1,711,784 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.3 %

Shares of HDB stock opened at $63.20 on Friday. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44. The company has a market cap of $160.04 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.65 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a 50 day simple moving average of $62.46 and a 200-day simple moving average of $60.63.

Analyst Ratings Changes

HDB has been the subject of a number of recent analyst reports. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday, October 12th. JPMorgan Chase & Co. lowered HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd.

HDFC Bank 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.