Capstone Investment Advisors LLC Decreases Holdings in HDFC Bank Limited (NYSE:HDB)

Capstone Investment Advisors LLC trimmed its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 48.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 262,377 shares of the bank's stock after selling 242,747 shares during the quarter. Capstone Investment Advisors LLC's holdings in HDFC Bank were worth $16,414,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank's stock valued at $213,851,000 after buying an additional 3,262,442 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of HDFC Bank in the second quarter worth approximately $166,709,000. PineStone Asset Management Inc. increased its stake in shares of HDFC Bank by 115.1% in the second quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank's stock worth $287,488,000 after purchasing an additional 2,391,343 shares in the last quarter. TPG GP A LLC purchased a new position in shares of HDFC Bank during the 2nd quarter valued at $95,637,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in HDFC Bank by 130.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank's stock worth $140,593,000 after buying an additional 1,236,100 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday.

HDFC Bank Price Performance

NYSE HDB traded down $0.74 on Friday, reaching $66.76. The company had a trading volume of 2,688,657 shares, compared to its average volume of 3,008,595. The firm's 50 day moving average price is $63.32 and its 200 day moving average price is $61.45. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.76. The stock has a market capitalization of $169.06 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.09. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. As a group, equities analysts predict that HDFC Bank Limited will post 3.15 earnings per share for the current year.

About HDFC Bank

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.