HDFC Bank Limited (NYSE:HDB) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of HDFC Bank Limited (NYSE:HDB) by 6.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,191,982 shares of the bank’s stock after selling 80,950 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in HDFC Bank were worth $74,570,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in HDFC Bank by 5.4% during the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock worth $311,000 after purchasing an additional 248 shares during the period. Mount Yale Investment Advisors LLC lifted its stake in shares of HDFC Bank by 4.2% during 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. JFS Wealth Advisors LLC boosted its position in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares during the period. GAMMA Investing LLC grew its stake in shares of HDFC Bank by 34.6% in the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after buying an additional 312 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of HDFC Bank by 10.8% during the 1st quarter. Toronto Dominion Bank now owns 3,328 shares of the bank’s stock valued at $186,000 after buying an additional 325 shares during the period. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HDB shares. StockNews.com upgraded HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. downgraded shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd.

HDFC Bank Stock Up 0.9 %

Shares of NYSE HDB opened at $61.94 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.44. The stock’s 50-day simple moving average is $62.81 and its 200-day simple moving average is $60.93. The firm has a market cap of $156.84 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.63 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.2 earnings per share for the current fiscal 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.