HDFC Bank Limited (NYSE:HDB) Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC cut its stake in shares of HDFC Bank Limited (NYSE:HDB) by 2.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,318 shares of the bank’s stock after selling 181 shares during the period. D.B. Root & Company LLC’s holdings in HDFC Bank were worth $403,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Simon Quick Advisors LLC acquired a new stake in shares of HDFC Bank in the fourth quarter valued at $239,000. Atomi Financial Group Inc. boosted its holdings in HDFC Bank by 30.6% during the 4th quarter. Atomi Financial Group Inc. now owns 17,715 shares of the bank’s stock valued at $1,131,000 after acquiring an additional 4,152 shares during the period. Perpetual Ltd grew its position in HDFC Bank by 4.9% in the 4th quarter. Perpetual Ltd now owns 1,141,929 shares of the bank’s stock valued at $72,924,000 after acquiring an additional 53,258 shares in the last quarter. Ballentine Partners LLC increased its stake in HDFC Bank by 14.8% during the fourth quarter. Ballentine Partners LLC now owns 26,676 shares of the bank’s stock worth $1,704,000 after purchasing an additional 3,441 shares during the period. Finally, Diversify Wealth Management LLC grew its holdings in shares of HDFC Bank by 7.8% in the fourth quarter. Diversify Wealth Management LLC now owns 4,970 shares of the bank’s stock valued at $291,000 after purchasing an additional 358 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

HDFC Bank Stock Up 3.1 %

Shares of HDFC Bank stock opened at $60.69 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.50. The company has a market capitalization of $153.69 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.67 and a beta of 0.92. The company has a 50 day moving average of $63.82 and a 200 day moving average of $62.42.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. As a group, research analysts forecast that HDFC Bank Limited will post 3.13 EPS 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.