HDFC Bank Limited (NYSE:HDB) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its position in HDFC Bank Limited (NYSE:HDB) by 90.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,193 shares of the bank’s stock after selling 1,797,525 shares during the quarter. Vontobel Holding Ltd.’s holdings in HDFC Bank were worth $12,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. boosted its holdings in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in HDFC Bank in the third quarter valued at $38,000. JFS Wealth Advisors LLC raised its position in HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after purchasing an additional 275 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in HDFC Bank in the third quarter valued at about $65,000. Finally, Brooklyn Investment Group raised its position in HDFC Bank by 967.0% in the fourth quarter. Brooklyn Investment Group now owns 1,878 shares of the bank’s stock valued at $120,000 after purchasing an additional 1,702 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

HDFC Bank Stock Up 0.2 %

Shares of NYSE HDB opened at $60.29 on Friday. HDFC Bank Limited has a 1 year low of $53.00 and a 1 year high of $68.50. The firm has a market cap of $152.68 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.70 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock’s 50-day simple moving average is $62.22 and its 200-day simple moving average is $62.38.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.09 earnings per share for the current fiscal 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.