Rockefeller Capital Management L.P. Sells 948 Shares of HDFC Bank Limited (NYSE:HDB)

Rockefeller Capital Management L.P. lowered its position in shares of HDFC Bank Limited (NYSE:HDB) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,191 shares of the bank’s stock after selling 948 shares during the period. Rockefeller Capital Management L.P.’s holdings in HDFC Bank were worth $6,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. boosted its stake in HDFC Bank by 2.3% in the second quarter. Baillie Gifford & Co. now owns 11,533,215 shares of the bank’s stock worth $741,932,000 after buying an additional 263,690 shares in the last quarter. FMR LLC lifted its holdings in shares of HDFC Bank by 19.3% in the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after acquiring an additional 1,114,210 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of HDFC Bank by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock valued at $302,970,000 after purchasing an additional 51,736 shares in the last quarter. PineStone Asset Management Inc. boosted 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 in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of HDFC Bank by 9.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,955,982 shares of the bank’s stock valued at $247,486,000 after purchasing an additional 325,999 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Price Performance

HDB opened at $66.73 on Wednesday. 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’s 50 day simple moving average is $63.36 and its 200 day simple moving average is $61.75. The firm has a market cap of $168.98 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.77 and a beta of 0.92. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.76.

HDFC Bank (NYSE:HDB) last issued its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $4.84 billion. As a group, analysts predict that HDFC Bank Limited will post 3.15 earnings per share for the current year.

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.