Stiles Financial Services Inc Reduces Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Stiles Financial Services Inc lessened its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 3.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,202 shares of the bank’s stock after selling 172 shares during the quarter. Stiles Financial Services Inc’s holdings in HDFC Bank were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ridgewood Investments LLC purchased a new stake in HDFC Bank in the 2nd quarter worth approximately $36,000. Northwest Investment Counselors LLC purchased a new stake in shares of HDFC Bank in the third quarter valued at approximately $38,000. JFS Wealth Advisors LLC raised its stake in shares of HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares during the period. LRI Investments LLC acquired a new position in HDFC Bank during the first quarter worth $56,000. Finally, GAMMA Investing LLC grew its position in shares of HDFC Bank by 56.0% in the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock valued at $58,000 after purchasing an additional 324 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on HDB. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd.

HDFC Bank Stock Up 0.6 %

HDB stock opened at $64.11 on Friday. The company has a market cap of $162.35 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.64 and a beta of 0.91. The firm has a 50-day moving average of $62.61 and a two-hundred day moving average of $60.76. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.44. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

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.