Congress Wealth Management LLC DE Sells 2,263 Shares of HDFC Bank Limited (NYSE:HDB)

Congress Wealth Management LLC DE lowered its holdings in HDFC Bank Limited (NYSE:HDB) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,173 shares of the bank’s stock after selling 2,263 shares during the period. Congress Wealth Management LLC DE’s holdings in HDFC Bank were worth $1,161,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in HDFC Bank during the 4th quarter valued at $29,000. Pin Oak Investment Advisors Inc. grew its position in shares of HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after purchasing an additional 254 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of HDFC Bank during the 4th quarter valued at $42,000. Kestra Investment Management LLC purchased a new stake in HDFC Bank during the 4th quarter worth about $60,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HDFC Bank in the 3rd quarter worth about $65,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $66.72 on Friday. The firm has a market capitalization of $168.94 billion, a P/E ratio of 20.28, 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. The stock’s 50-day simple moving average is $60.85 and its two-hundred day simple moving average is $62.61. HDFC Bank Limited has a twelve month low of $54.99 and a twelve month high of $68.50.

HDFC Bank (NYSE:HDB) last posted 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 net margin of 14.64% and a return on equity of 12.19%. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-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.