Mondrian Investment Partners LTD Sells 177,802 Shares of HDFC Bank Limited (NYSE:HDB)

Mondrian Investment Partners LTD reduced its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 14.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,043,444 shares of the bank's stock after selling 177,802 shares during the quarter. Mondrian Investment Partners LTD's holdings in HDFC Bank were worth $63,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in shares of HDFC Bank during the 4th quarter valued at $29,000. Pin Oak Investment Advisors Inc. increased its stake in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after acquiring an additional 254 shares during the last quarter. Sierra Ocean LLC purchased a new stake in HDFC Bank during the fourth quarter valued at about $42,000. Kestra Investment Management LLC bought a new stake in HDFC Bank during the fourth quarter worth about $60,000. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of HDFC Bank by 52.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank's stock worth $65,000 after purchasing an additional 351 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on HDB shares. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. StockNews.com lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th. Finally, Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.

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HDFC Bank Trading Up 1.2 %

NYSE HDB traded up $0.74 on Tuesday, hitting $62.36. The company's stock had a trading volume of 2,875,193 shares, compared to its average volume of 2,501,594. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50. The firm has a market cap of $157.91 billion, a P/E ratio of 18.95, a PEG ratio of 2.12 and a beta of 0.92. The company's 50-day simple moving average is $60.00 and its 200 day simple moving average is $62.43.

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 12.19% and a net margin of 14.64%. Research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.