HDFC Bank Limited (NYSE:HDB) Shares Sold by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. lessened its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 30.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 507,685 shares of the bank’s stock after selling 218,379 shares during the quarter. HDFC Bank makes up 2.3% of Keystone Investors PTE Ltd.’s portfolio, making the stock its 16th largest holding. Keystone Investors PTE Ltd.’s holdings in HDFC Bank were worth $32,421,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its stake in HDFC Bank by 3.6% in the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock valued at $301,000 after acquiring an additional 167 shares during the period. Waverton Investment Management Ltd boosted its position in HDFC Bank by 1.0% during 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 increased its position in HDFC Bank by 7.0% in the third quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after buying an additional 225 shares during the period. Pin Oak Investment Advisors Inc. boosted its holdings 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 period. Finally, Baron Wealth Management LLC grew its position in shares of HDFC Bank by 3.7% during the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock worth $470,000 after acquiring an additional 263 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Up 2.0 %

HDB stock opened at $65.81 on Tuesday. The firm’s 50-day moving average is $60.41 and its two-hundred day moving average is $62.52. The company has a market capitalization of $166.66 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth 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 current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Nomura Securities upgraded shares of 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 report on Wednesday, November 27th. Finally, Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

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.