HDFC Bank Limited (NYSE:HDB) Holdings Trimmed by Financial Counselors Inc.

Financial Counselors Inc. decreased its stake in HDFC Bank Limited (NYSE:HDB) by 6.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,061 shares of the bank’s stock after selling 362 shares during the quarter. Financial Counselors Inc.’s holdings in HDFC Bank were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Morgan Stanley raised its stake in shares of HDFC Bank by 5.1% during the 3rd quarter. Morgan Stanley now owns 14,886,302 shares of the bank’s stock worth $878,441,000 after purchasing an additional 723,106 shares in the last quarter. Baillie Gifford & Co. boosted its stake in HDFC Bank by 0.8% during the fourth quarter. Baillie Gifford & Co. now owns 9,636,983 shares of the bank’s stock worth $646,738,000 after buying an additional 76,505 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of HDFC Bank by 4.9% during the third quarter. Ameriprise Financial Inc. now owns 8,772,331 shares of the bank’s stock valued at $516,561,000 after acquiring an additional 410,884 shares during the period. Sustainable Growth Advisers LP lifted its holdings in shares of HDFC Bank by 2.2% during the third quarter. Sustainable Growth Advisers LP now owns 6,933,843 shares of the bank’s stock valued at $409,166,000 after acquiring an additional 146,980 shares during the period. Finally, Impax Asset Management Group plc raised its holdings in shares of HDFC Bank by 2.9% in the fourth quarter. Impax Asset Management Group plc now owns 5,771,491 shares of the bank’s stock valued at $386,431,000 after buying an additional 160,220 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

HDFC Bank stock opened at $57.05 on Friday. The stock has a market capitalization of $106.11 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 1.44 and a beta of 0.87. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $71.39. The stock has a 50-day simple moving average of $55.45 and a 200 day simple moving average of $58.63. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.78.

HDFC Bank (NYSE:HDB) last posted its earnings results on Tuesday, January 16th. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.11. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $5.67 billion. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. On average, research analysts anticipate that HDFC Bank Limited will post 2.71 earnings per share for the current fiscal year.

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.