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

Virtu Financial LLC cut its stake in HDFC Bank Limited (NYSE:HDB) by 61.4% in the fourth quarter, Holdings Channel.com reports. The firm 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 reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC purchased a new stake in HDFC Bank in the fourth quarter valued at $29,000. Pin Oak Investment Advisors Inc. boosted its position in 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 buying an additional 254 shares during the period. Sierra Ocean LLC acquired a new position in HDFC Bank during the 4th quarter worth $42,000. Kestra Investment Management LLC purchased a new stake in shares of HDFC Bank during the fourth quarter worth approximately $60,000. Finally, JFS Wealth Advisors LLC raised 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 valued at $65,000 after purchasing an additional 351 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HDB has been the topic of several research reports. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

HDFC Bank Stock Performance

NYSE:HDB opened at $65.90 on Thursday. The firm’s 50 day moving average is $60.69 and its two-hundred day moving average is $62.59. The company has a market cap of $166.89 billion, a P/E ratio of 20.03, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a fifty-two week low of $54.99 and a fifty-two week high of $68.50.

HDFC Bank (NYSE:HDB) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping 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%. Analysts expect that HDFC Bank Limited will post 3.03 EPS 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.