Polen Capital Management LLC Lowers Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Polen Capital Management LLC lessened its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 7.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 774,580 shares of the bank's stock after selling 64,459 shares during the period. Polen Capital Management LLC's holdings in HDFC Bank were worth $49,465,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Corient Private Wealth LLC raised its position in shares of HDFC Bank by 15.6% during the 4th quarter. Corient Private Wealth LLC now owns 22,144 shares of the bank's stock worth $1,414,000 after acquiring an additional 2,996 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of HDFC Bank by 6.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 28,920 shares of the bank's stock worth $1,847,000 after acquiring an additional 1,729 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of HDFC Bank by 5.6% during the 4th quarter. Brandes Investment Partners LP now owns 51,880 shares of the bank's stock worth $3,313,000 after acquiring an additional 2,759 shares in the last quarter. Zevin Asset Management LLC raised its position in shares of HDFC Bank by 7.2% during the 4th quarter. Zevin Asset Management LLC now owns 195,778 shares of the bank's stock worth $12,502,000 after acquiring an additional 13,092 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new stake in shares of HDFC Bank during the 4th quarter worth about $4,811,000. Institutional investors and hedge funds own 17.61% of the company's stock.

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Wall Street Analysts Forecast Growth

HDB has been the topic of several research analyst reports. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Finally, Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Performance

HDB traded up $0.68 during trading on Thursday, hitting $63.85. 3,932,461 shares of the stock were exchanged, compared to its average volume of 2,512,607. The stock has a fifty day moving average price of $60.07 and a two-hundred day moving average price of $62.44. HDFC Bank Limited has a 1-year low of $54.07 and a 1-year high of $68.50. The firm has a market capitalization of $161.67 billion, a P/E ratio of 19.41, a PEG ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict that HDFC Bank Limited will post 3.03 earnings per share 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.