Trillium Asset Management LLC Has $8.12 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Trillium Asset Management LLC lessened its position in shares of HDFC Bank Limited (NYSE:HDB) by 15.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 127,172 shares of the bank’s stock after selling 23,122 shares during the quarter. Trillium Asset Management LLC’s holdings in HDFC Bank were worth $8,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of HDB. Whipplewood Advisors LLC acquired a new stake in HDFC Bank in the 4th quarter valued at $29,000. Pin Oak Investment Advisors Inc. boosted its stake in HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares in the last quarter. Sierra Ocean LLC acquired a new stake in HDFC Bank in the 4th quarter valued at $42,000. Kestra Investment Management LLC acquired a new stake in HDFC Bank in the 4th quarter valued at $60,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HDFC Bank in the 3rd quarter valued at $65,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research 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 Trading Up 1.3 %

HDB stock opened at $63.20 on Thursday. The company has a market cap of $160.03 billion, a P/E ratio of 19.21, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a twelve month low of $54.07 and a twelve month high of $68.50. 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 business has a fifty day moving average of $60.07 and a 200-day moving average of $62.44.

HDFC Bank (NYSE:HDB) last released its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, equities research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

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.