Blue Trust Inc. Decreases Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Blue Trust Inc. cut its stake in HDFC Bank Limited (NYSE:HDB) by 12.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,322 shares of the bank’s stock after selling 3,137 shares during the quarter. Blue Trust Inc.’s holdings in HDFC Bank were worth $1,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pin Oak Investment Advisors Inc. raised its holdings in HDFC Bank by 104.1% during 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 last quarter. Northwest Investment Counselors LLC purchased a new position in shares of HDFC Bank in the third quarter valued at $38,000. JFS Wealth Advisors LLC raised its stake in shares of HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in HDFC Bank in the 3rd quarter valued at about $65,000. Finally, Brooklyn Investment Group grew its stake in HDFC Bank by 967.0% in the 4th quarter. Brooklyn Investment Group now owns 1,878 shares of the bank’s stock valued at $120,000 after acquiring an additional 1,702 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on HDB shares. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Price Performance

NYSE:HDB opened at $60.29 on Friday. HDFC Bank Limited has a 12-month low of $53.00 and a 12-month high of $68.50. The firm has a market cap of $152.68 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91. The company’s 50-day moving average is $62.08 and its two-hundred day moving average is $62.38. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Research analysts expect that HDFC Bank Limited will post 3.09 EPS for the current 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.