TT International Asset Management LTD Has $2.65 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

TT International Asset Management LTD trimmed its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 97.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,304 shares of the bank's stock after selling 1,564,788 shares during the quarter. TT International Asset Management LTD's holdings in HDFC Bank were worth $2,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of HDB. Glenmede Trust Co. NA lifted its stake in HDFC Bank by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock valued at $301,000 after buying an additional 167 shares in the last quarter. Commerce Bank lifted its position in shares of HDFC Bank by 7.0% in the third 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. UMB Bank n.a. lifted its position in shares of HDFC Bank by 5.4% in the second quarter. UMB Bank n.a. now owns 4,831 shares of the bank's stock worth $311,000 after purchasing an additional 248 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its position in shares of HDFC Bank by 104.1% in the third 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, Mount Yale Investment Advisors LLC lifted its position in shares of HDFC Bank by 4.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank's stock worth $399,000 after purchasing an additional 257 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th.

HDFC Bank Stock Performance

HDB stock traded up $0.05 during midday trading on Wednesday, hitting $67.73. 725,131 shares of the company traded hands, compared to its average volume of 3,002,028. The business has a 50 day simple moving average of $63.70 and a 200-day simple moving average of $62.14. The stock has a market capitalization of $171.51 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.76 by $0.09. The firm had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. As a group, equities research analysts predict that HDFC Bank Limited will post 3.15 earnings per share for the current year.

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.