Wellington Management Group LLP Lowers Stock Position in HDFC Bank Limited (NYSE:HDB)

Wellington Management Group LLP cut its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,916,115 shares of the bank's stock after selling 153,275 shares during the period. Wellington Management Group LLP owned 0.19% of HDFC Bank worth $313,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HDB. Glenmede Trust Co. NA grew 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 worth $301,000 after purchasing an additional 167 shares during the period. Waverton Investment Management Ltd grew its position in shares of HDFC Bank by 1.0% during the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank's stock worth $1,275,000 after buying an additional 203 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after acquiring an additional 240 shares in the last quarter. Level Four Advisory Services LLC lifted its position in shares of HDFC Bank by 3.6% during the 4th quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank's stock valued at $438,000 after acquiring an additional 241 shares during the period. Finally, Baron Wealth Management LLC boosted its stake in HDFC Bank by 3.7% during the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank's stock worth $470,000 after acquiring an additional 263 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HDB shares. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Down 2.8 %

Shares of HDB traded down $1.84 during trading hours on Friday, reaching $65.12. The stock had a trading volume of 8,211,680 shares, compared to its average volume of 2,735,820. The company has a market capitalization of $164.90 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 2.12 and a beta of 0.68. The firm has a 50-day simple moving average of $61.70 and a 200 day simple moving average of $62.78. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal 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.