Nisa Investment Advisors LLC Trims Stake in HDFC Bank Limited (NYSE:HDB)

Nisa Investment Advisors LLC reduced its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 93.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,500 shares of the bank's stock after selling 197,413 shares during the period. Nisa Investment Advisors LLC's holdings in HDFC Bank were worth $926,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HDB. Glenmede Trust Co. NA lifted its holdings in shares of HDFC Bank by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock worth $301,000 after acquiring an additional 167 shares during the last quarter. Commerce Bank lifted its holdings in shares of HDFC Bank by 7.0% during the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank's stock worth $214,000 after acquiring an additional 225 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock worth $31,000 after acquiring an additional 254 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in shares of HDFC Bank by 4.2% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank's stock worth $399,000 after acquiring an additional 257 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after acquiring an additional 275 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HDB has been the subject of several recent research reports. StockNews.com downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd.

HDFC Bank Trading Up 2.8 %

HDFC Bank stock traded up $1.65 during mid-day trading on Tuesday, hitting $60.37. The company's stock had a trading volume of 2,407,609 shares, compared to its average volume of 3,135,815. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of $152.87 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. The business has a 50 day moving average price of $63.62 and a 200-day moving average price of $62.38. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 11.78%. As a group, analysts forecast that HDFC Bank Limited will post 3.13 EPS for the current 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.