Mitsubishi UFJ Trust & Banking Corp Decreases Holdings in HDFC Bank Limited (NYSE:HDB)

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in HDFC Bank Limited (NYSE:HDBFree Report) by 16.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 252,105 shares of the bank’s stock after selling 48,957 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in HDFC Bank were worth $14,877,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HDB. Private Advisor Group LLC raised its stake in shares of HDFC Bank by 6.2% in the 1st quarter. Private Advisor Group LLC now owns 8,761 shares of the bank’s stock valued at $537,000 after acquiring an additional 511 shares during the period. BlackRock Inc. raised its stake in shares of HDFC Bank by 57.1% in the 1st quarter. BlackRock Inc. now owns 4,838,182 shares of the bank’s stock valued at $296,725,000 after acquiring an additional 1,757,638 shares during the period. Raymond James Trust N.A. raised its stake in shares of HDFC Bank by 6.1% in the 1st quarter. Raymond James Trust N.A. now owns 7,350 shares of the bank’s stock valued at $451,000 after acquiring an additional 421 shares during the period. Blair William & Co. IL raised its stake in shares of HDFC Bank by 19.5% in the 1st quarter. Blair William & Co. IL now owns 17,819 shares of the bank’s stock valued at $1,093,000 after acquiring an additional 2,903 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of HDFC Bank by 6.5% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 38,877 shares of the bank’s stock valued at $2,384,000 after acquiring an additional 2,387 shares during the period. 17.24% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

Shares of HDB opened at $53.00 on Tuesday. HDFC Bank Limited has a fifty-two week low of $52.60 and a fifty-two week high of $71.39. The firm’s 50 day moving average price is $61.71 and its 200 day moving average price is $61.20. The company has a market cap of $98.58 billion, a P/E ratio of 16.36, a PEG ratio of 1.38 and a beta of 0.89. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.78.

HDFC Bank (NYSE:HDBGet Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. HDFC Bank had a net margin of 17.34% and a return on equity of 15.98%. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $5.67 billion. On average, research analysts forecast that HDFC Bank Limited will post 2.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of HDFC Bank from a “b-” rating to a “c” rating in a research note on Tuesday, October 17th.

View Our Latest Analysis on HDFC Bank

HDFC Bank Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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