OVERSEA CHINESE BANKING Corp Ltd Sells 19,956 Shares of HDFC Bank Limited (NYSE:HDB)

OVERSEA CHINESE BANKING Corp Ltd trimmed its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,884 shares of the bank's stock after selling 19,956 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in HDFC Bank were worth $5,675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HDB. Glenmede Trust Co. NA boosted its holdings in shares of HDFC Bank by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock worth $301,000 after purchasing an additional 167 shares in the last quarter. Waverton Investment Management Ltd boosted its holdings in shares of HDFC Bank by 1.0% in the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank's stock worth $1,275,000 after purchasing an additional 203 shares in the last quarter. Commerce Bank boosted its holdings in shares of HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank's stock worth $214,000 after purchasing an additional 225 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock worth $31,000 after purchasing an additional 254 shares in the last quarter. Finally, Baron Wealth Management LLC boosted its holdings in shares of HDFC Bank by 3.7% in the 4th quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank's stock worth $470,000 after purchasing an additional 263 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

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HDFC Bank Trading Up 1.3 %

NYSE HDB traded up $0.82 on Friday, hitting $64.54. The company's stock had a trading volume of 3,564,410 shares, compared to its average volume of 2,523,445. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The company's 50-day simple moving average is $60.26 and its 200 day simple moving average is $62.48. The firm has a market cap of $163.42 billion, a P/E ratio of 19.62, a PEG ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate 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.

Wall Street Analyst Weigh In

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

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.