Crossmark Global Holdings Inc. Sells 5,650 Shares of HDFC Bank Limited (NYSE:HDB)

Crossmark Global Holdings Inc. trimmed its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,842 shares of the bank's stock after selling 5,650 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in HDFC Bank were worth $4,076,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 during the last quarter. TPG GP A LLC acquired a new stake in HDFC Bank in the second quarter valued at approximately $95,637,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in HDFC Bank by 130.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank's stock worth $140,593,000 after acquiring an additional 1,236,100 shares in the last quarter. FMR LLC lifted its stake in shares of HDFC Bank by 19.3% in the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank's stock valued at $430,339,000 after purchasing an additional 1,114,210 shares during the last quarter. Finally, Eminence Capital LP acquired a new stake in shares of HDFC Bank in the second quarter worth about $68,340,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Performance

Shares of HDFC Bank stock traded down $1.73 during trading on Thursday, reaching $58.95. The company's stock had a trading volume of 4,283,637 shares, compared to its average volume of 3,194,759. HDFC Bank Limited has a one year low of $52.16 and a one year high of $68.50. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $149.27 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.67 and a beta of 0.92. The business's fifty day moving average price is $63.82 and its 200-day moving average price is $62.42.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. As a group, equities research analysts predict that HDFC Bank Limited will post 3.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday.

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.