Deltec Asset Management LLC Has $1.60 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Deltec Asset Management LLC lessened its stake in shares of HDFC Bank Limited (NYSE:HDB) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,100 shares of the bank’s stock after selling 500 shares during the quarter. Deltec Asset Management LLC’s holdings in HDFC Bank were worth $1,603,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Glenmede Trust Co. NA increased its holdings in HDFC Bank by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after purchasing an additional 167 shares in the last quarter. Commerce Bank increased its position in 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 acquiring an additional 225 shares during the period. Pin Oak Investment Advisors Inc. raised its stake in shares of HDFC Bank by 104.1% during 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. Mount Yale Investment Advisors LLC grew its stake in shares of HDFC Bank by 4.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock worth $399,000 after purchasing an additional 257 shares during the last quarter. Finally, Baron Wealth Management LLC increased its holdings in HDFC Bank by 3.7% in the fourth 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 currently owned by institutional investors and hedge funds.

HDFC Bank Stock Up 2.1 %

HDFC Bank stock opened at $61.13 on Wednesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $154.79 billion, a PE ratio of 18.58, a PEG ratio of 1.67 and a beta of 0.91. The firm’s fifty day moving average is $63.10 and its 200 day moving average is $62.38. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $68.50.

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 analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, sell-side analysts predict that HDFC Bank Limited will post 3.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, 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 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.