Virtu Financial LLC Decreases Holdings in HDFC Bank Limited (NYSE:HDB)

Virtu Financial LLC lessened its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 61.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,082 shares of the bank's stock after selling 9,671 shares during the quarter. Virtu Financial LLC's holdings in HDFC Bank were worth $388,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new position in shares of HDFC Bank during the fourth quarter valued at about $29,000. Pin Oak Investment Advisors Inc. increased its holdings in shares of HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after acquiring an additional 254 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of HDFC Bank in the fourth quarter worth approximately $42,000. Kestra Investment Management LLC purchased a new stake in HDFC Bank during the 4th quarter valued at $60,000. Finally, JFS Wealth Advisors LLC increased its holdings in shares of HDFC Bank by 52.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank's stock worth $65,000 after purchasing an additional 351 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Down 1.1 %

HDFC Bank stock traded down $0.71 during midday trading on Friday, hitting $66.15. 2,139,832 shares of the company's stock were exchanged, compared to its average volume of 2,723,500. The company has a market cap of $167.50 billion, a PE ratio of 20.10, a P/E/G ratio of 2.12 and a beta of 0.92. The firm has a 50-day moving average of $61.01 and a two-hundred day moving average of $62.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $68.50.

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HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd.

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.