HDFC Bank Limited (NYSE:HDB) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC decreased its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,172 shares of the bank's stock after selling 23,122 shares during the period. Trillium Asset Management LLC's holdings in HDFC Bank were worth $8,121,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in HDFC Bank by 31.5% in the third quarter. Principal Financial Group Inc. now owns 47,225 shares of the bank's stock worth $2,954,000 after acquiring an additional 11,319 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of HDFC Bank by 32.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,793 shares of the bank's stock worth $863,000 after purchasing an additional 3,353 shares during the period. Thrivent Financial for Lutherans increased its position in shares of HDFC Bank by 105.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,503 shares of the bank's stock valued at $407,000 after purchasing an additional 3,333 shares during the last quarter. Pathstone Holdings LLC raised its holdings in HDFC Bank by 5.1% during the 3rd quarter. Pathstone Holdings LLC now owns 77,967 shares of the bank's stock valued at $4,878,000 after buying an additional 3,797 shares during the period. Finally, Caprock Group LLC lifted its position in HDFC Bank by 10.9% in the third quarter. Caprock Group LLC now owns 21,831 shares of the bank's stock worth $1,366,000 after buying an additional 2,139 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HDB. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Finally, Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Up 2.0 %

Shares of HDFC Bank stock traded up $1.29 on Monday, reaching $65.81. The stock had a trading volume of 4,188,518 shares, compared to its average volume of 2,530,490. HDFC Bank Limited has a 1 year low of $54.07 and a 1 year high of $68.50. The company has a 50 day moving average price of $60.26 and a 200 day moving average price of $62.49. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $166.66 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last released its 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 net margin of 14.64% and a return on equity of 12.19%. As a group, equities research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

About HDFC Bank

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.