HDFC Bank Limited (NYSE:HDB) Stock Position Trimmed by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP reduced its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 3.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,421,700 shares of the bank's stock after selling 105,500 shares during the quarter. HDFC Bank makes up approximately 21.3% of Trinity Street Asset Management LLP's investment portfolio, making the stock its largest position. Trinity Street Asset Management LLP owned approximately 0.18% of HDFC Bank worth $214,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital World Investors lifted its stake in HDFC Bank by 208.6% in the first quarter. Capital World Investors now owns 4,124,751 shares of the bank's stock worth $230,862,000 after acquiring an additional 2,788,197 shares during the period. Manning & Napier Advisors LLC purchased a new position in HDFC Bank during the second quarter valued at approximately $166,709,000. PineStone Asset Management Inc. increased its holdings in HDFC Bank by 115.1% during the second quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank's stock valued at $287,488,000 after buying an additional 2,391,343 shares during the period. CCLA Investment Management raised its stake in HDFC Bank by 100,691.5% in the first quarter. CCLA Investment Management now owns 1,748,733 shares of the bank's stock worth $97,534,000 after buying an additional 1,746,998 shares in the last quarter. Finally, Sustainable Growth Advisers LP lifted its holdings in HDFC Bank by 24.1% during the first quarter. Sustainable Growth Advisers LP now owns 8,824,089 shares of the bank's stock worth $493,884,000 after buying an additional 1,711,784 shares during the period. 17.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HDB has been the topic of several analyst reports. JPMorgan Chase & Co. lowered HDFC Bank from an "overweight" rating to a "neutral" rating in a research note on Monday, July 22nd. StockNews.com lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Saturday, October 12th.

HDFC Bank Stock Up 0.2 %

Shares of HDB traded up $0.15 during midday trading on Tuesday, hitting $64.65. 1,595,681 shares of the company's stock traded hands, compared to its average volume of 3,052,096. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.44. The firm's fifty day moving average is $62.18 and its 200-day moving average is $60.46. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $120.24 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92.

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.