Trillium Asset Management LLC Trims Holdings in HDFC Bank Limited (NYSE:HDB)

Trillium Asset Management LLC reduced its position in shares of HDFC Bank Limited (NYSE:HDB) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,172 shares of the bank’s stock after selling 23,122 shares during the period. Trillium Asset Management LLC’s holdings in HDFC Bank were worth $8,121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HDB. Glenmede Trust Co. NA increased its holdings in shares of HDFC Bank by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock valued at $301,000 after purchasing an additional 167 shares during the period. Waverton Investment Management Ltd boosted its position in shares of HDFC Bank by 1.0% in the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank’s stock valued at $1,275,000 after purchasing an additional 203 shares during the period. Commerce Bank boosted its position in shares of HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock valued at $214,000 after purchasing an additional 225 shares during the period. Pin Oak Investment Advisors Inc. boosted its position in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after purchasing an additional 254 shares during the period. Finally, Baron Wealth Management LLC boosted its position in shares of HDFC Bank by 3.7% in the 4th quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock valued at $470,000 after purchasing an additional 263 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Up 1.3 %

Shares of HDFC Bank stock opened at $63.20 on Thursday. The stock has a 50-day moving average price of $60.07 and a 200 day moving average price of $62.44. The company has a market cap of $160.03 billion, a P/E ratio of 19.21, a P/E/G ratio of 2.12 and a beta of 0.92. 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 Limited has a 1 year low of $54.07 and a 1 year high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share 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, analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HDB shares. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

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.