HBK Sorce Advisory LLC Sells 1,089 Shares of HDFC Bank Limited (NYSE:HDB)

HBK Sorce Advisory LLC lessened its position in shares of HDFC Bank Limited (NYSE:HDB) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,177 shares of the bank’s stock after selling 1,089 shares during the period. HBK Sorce Advisory LLC’s holdings in HDFC Bank were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in shares of HDFC Bank during the 4th quarter worth approximately $29,000. Pin Oak Investment Advisors Inc. lifted its holdings in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after acquiring an additional 254 shares during the period. Sierra Ocean LLC bought a new stake in shares of HDFC Bank during the 4th quarter worth approximately $42,000. Kestra Investment Management LLC bought a new position in HDFC Bank in the 4th quarter valued at approximately $60,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HDFC Bank in the 3rd quarter valued at approximately $65,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

HDB stock opened at $60.68 on Friday. The company has a fifty day moving average price of $60.00 and a 200-day moving average price of $62.41. The company has a market capitalization of $153.66 billion, a P/E ratio of 18.44, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded shares of 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.