Capital Insight Partners LLC Sells 1,999 Shares of HDFC Bank Limited (NYSE:HDB)

Capital Insight Partners LLC reduced its stake in HDFC Bank Limited (NYSE:HDB) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,848 shares of the bank’s stock after selling 1,999 shares during the quarter. Capital Insight Partners LLC’s holdings in HDFC Bank were worth $3,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC bought a new stake in shares of HDFC Bank in the fourth quarter valued at about $29,000. GAMMA Investing LLC bought a new stake in HDFC Bank in the 4th quarter valued at approximately $33,000. Northwest Investment Counselors LLC acquired a new position in HDFC Bank during the 1st quarter worth approximately $34,000. Parkside Financial Bank & Trust grew its stake in shares of HDFC Bank by 89.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 615 shares of the bank’s stock worth $41,000 after acquiring an additional 291 shares in the last quarter. Finally, Janiczek Wealth Management LLC acquired a new stake in shares of HDFC Bank in the first quarter valued at approximately $35,000. 17.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on HDB. JPMorgan Chase & Co. cut shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th.

HDFC Bank Stock Up 1.5 %

Shares of HDFC Bank stock traded up $0.92 on Friday, reaching $60.93. 2,447,869 shares of the company were exchanged, compared to its average volume of 3,166,232. The company has a market capitalization of $113.32 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.66 and a beta of 0.92. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37. HDFC Bank Limited has a one year low of $52.16 and a one year high of $67.44. The company has a 50-day moving average of $61.31 and a 200 day moving average of $58.18.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.27. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. The firm had revenue of $14.03 billion for the quarter, compared to analyst estimates of $4.81 billion. On average, equities research analysts forecast that HDFC Bank Limited will post 2.88 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.