Stiles Financial Services Inc Lowers Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Stiles Financial Services Inc cut its position in shares of HDFC Bank Limited (NYSE:HDB) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,202 shares of the bank’s stock after selling 172 shares during the period. Stiles Financial Services Inc’s holdings in HDFC Bank were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Portside Wealth Group LLC raised its position in shares of HDFC Bank by 24.6% in the 3rd quarter. Portside Wealth Group LLC now owns 8,731 shares of the bank’s stock worth $546,000 after acquiring an additional 1,721 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of HDFC Bank by 31.5% during the 3rd quarter. Principal Financial Group Inc. now owns 47,225 shares of the bank’s stock worth $2,954,000 after acquiring an additional 11,319 shares in the last quarter. Marks Group Wealth Management Inc lifted its position in HDFC Bank by 62.8% during the third quarter. Marks Group Wealth Management Inc now owns 21,597 shares of the bank’s stock valued at $1,351,000 after acquiring an additional 8,335 shares during the last quarter. PDS Planning Inc acquired a new stake in HDFC Bank in the third quarter valued at approximately $569,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in HDFC Bank by 143.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,240,388 shares of the bank’s stock worth $77,599,000 after purchasing an additional 731,388 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday, October 12th.

HDFC Bank Trading Up 0.6 %

NYSE:HDB opened at $64.11 on Friday. The company has a market capitalization of $162.35 billion, a P/E ratio of 19.38, a PEG ratio of 1.64 and a beta of 0.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.44. The firm has a fifty day simple moving average of $62.61 and a 200-day simple moving average of $60.76.

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.