HDFC Bank Limited (NYSE:HDB) Stock Holdings Trimmed by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in HDFC Bank Limited (NYSE:HDB) by 90.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,193 shares of the bank’s stock after selling 1,797,525 shares during the quarter. Vontobel Holding Ltd.’s holdings in HDFC Bank were worth $12,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HDB. Cetera Investment Advisers increased its holdings in HDFC Bank by 2.4% in the second quarter. Cetera Investment Advisers now owns 14,979 shares of the bank’s stock valued at $964,000 after buying an additional 358 shares during the last quarter. CWM LLC boosted its stake in HDFC Bank by 2,567.2% in the third quarter. CWM LLC now owns 3,094 shares of the bank’s stock valued at $194,000 after acquiring an additional 2,978 shares during the period. Creative Planning boosted its stake in HDFC Bank by 26.0% in the third quarter. Creative Planning now owns 130,768 shares of the bank’s stock valued at $8,181,000 after acquiring an additional 26,983 shares during the period. Aaron Wealth Advisors LLC acquired a new position in HDFC Bank in the third quarter valued at approximately $397,000. Finally, Blue Trust Inc. boosted its stake in HDFC Bank by 41.7% in the third quarter. Blue Trust Inc. now owns 25,459 shares of the bank’s stock valued at $1,638,000 after acquiring an additional 7,486 shares during the period. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Performance

Shares of NYSE HDB opened at $60.29 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a 50 day simple moving average of $62.22 and a 200-day simple moving average of $62.38. The company has a market cap of $152.68 billion, a PE ratio of 18.33, a P/E/G ratio of 1.70 and a beta of 0.91. HDFC Bank Limited has a 12-month low of $53.00 and a 12-month high of $68.50.

HDFC Bank (NYSE:HDB) last issued 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 return on equity of 12.19% and a net margin of 14.64%. On average, equities research analysts forecast that HDFC Bank Limited will post 3.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note 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.