Boston Common Asset Management LLC Cuts Stake in HDFC Bank Limited (NYSE:HDB)

Boston Common Asset Management LLC trimmed its position in HDFC Bank Limited (NYSE:HDB) by 4.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 416,002 shares of the bank’s stock after selling 18,175 shares during the quarter. Boston Common Asset Management LLC’s holdings in HDFC Bank were worth $26,566,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Glenmede Trust Co. NA lifted its stake in shares of HDFC Bank by 3.6% in the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after buying an additional 167 shares in the last quarter. Commerce Bank grew its position in shares of HDFC Bank by 7.0% in the third quarter. Commerce Bank now owns 3,427 shares of the bank’s stock valued at $214,000 after purchasing an additional 225 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its holdings 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 during the last quarter. Mount Yale Investment Advisors LLC boosted its stake in 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 buying an additional 257 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in 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 buying an additional 275 shares in the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Trading Down 0.2 %

Shares of HDFC Bank stock traded down $0.09 during trading hours on Friday, hitting $58.55. The company’s stock had a trading volume of 102,170 shares, compared to its average volume of 2,764,777. The stock has a market cap of $148.26 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 1.67 and a beta of 0.92. 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 twelve month low of $52.16 and a twelve month high of $68.50. The firm has a fifty day moving average of $64.24 and a 200-day moving average of $62.63.

HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Research analysts forecast that HDFC Bank Limited will post 3.13 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

About HDFC Bank

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.