HDFC Bank Limited (NYSE:HDB) Shares Sold by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC lowered its stake in HDFC Bank Limited (NYSE:HDB) by 2.9% during the third quarter, Holdings Channel.com reports. The fund owned 445,899 shares of the bank’s stock after selling 13,315 shares during the quarter. HDFC Bank comprises 1.7% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position. Wilkinson Global Asset Management LLC’s holdings in HDFC Bank were worth $27,895,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HDB. Capital World Investors lifted its stake in shares of HDFC Bank by 208.6% in the first quarter. Capital World Investors now owns 4,124,751 shares of the bank’s stock worth $230,862,000 after buying an additional 2,788,197 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in HDFC Bank during the second quarter worth approximately $166,709,000. PineStone Asset Management Inc. boosted its stake in HDFC Bank by 115.1% during the second quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank’s stock worth $287,488,000 after buying an additional 2,391,343 shares during the last quarter. CCLA Investment Management grew its holdings in HDFC Bank by 100,691.5% in the 1st quarter. CCLA Investment Management now owns 1,748,733 shares of the bank’s stock valued at $97,534,000 after buying an additional 1,746,998 shares in the last quarter. Finally, Sustainable Growth Advisers LP raised its holdings in shares of HDFC Bank by 24.1% during the 1st quarter. Sustainable Growth Advisers LP now owns 8,824,089 shares of the bank’s stock worth $493,884,000 after acquiring an additional 1,711,784 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Trading Up 0.3 %

Shares of HDB stock opened at $64.46 on Thursday. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44. The firm has a market cap of $163.23 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91. The company has a 50-day moving average of $62.61 and a two-hundred day moving average of $60.76. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53.

Analysts Set New Price Targets

HDB has been the subject of several recent analyst reports. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd.

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.