Wilkinson Global Asset Management LLC Has $1.96 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Wilkinson Global Asset Management LLC trimmed its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 93.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,655 shares of the bank's stock after selling 415,244 shares during the period. Wilkinson Global Asset Management LLC's holdings in HDFC Bank were worth $1,958,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HDB. Pin Oak Investment Advisors Inc. raised its stake in shares of HDFC Bank by 104.1% in the 3rd 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. Northwest Investment Counselors LLC bought a new position in shares of HDFC Bank in the 3rd quarter valued at approximately $38,000. JFS Wealth Advisors LLC raised its stake in shares of HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after acquiring an additional 275 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of HDFC Bank in the 4th quarter valued at approximately $42,000. Finally, Kestra Investment Management LLC bought a new position in shares of HDFC Bank in the 4th quarter valued at approximately $60,000. 17.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HDB has been the topic of several recent analyst reports. Nomura raised HDFC Bank from a "neutral" rating to a "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 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

NYSE HDB traded down $0.12 during trading on Friday, hitting $59.46. The company's stock had a trading volume of 2,124,666 shares, compared to its average volume of 2,660,034. 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 firm has a 50 day moving average price of $61.36 and a 200 day moving average price of $62.40. The firm has a market cap of $150.56 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 2.17 and a beta of 0.91. HDFC Bank Limited has a 52 week low of $53.00 and a 52 week high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping 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%. Equities research analysts forecast 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.