HDFC Bank Limited (NYSE:HDB) Holdings Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 32.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 169,159 shares of the bank's stock after selling 80,200 shares during the period. New York State Common Retirement Fund's holdings in HDFC Bank were worth $11,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Graney & King LLC acquired a new stake in HDFC Bank in the 4th quarter valued at about $38,000. Brown Brothers Harriman & Co. raised its holdings in shares of HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after purchasing an additional 240 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of HDFC Bank in the 1st quarter worth approximately $55,000. Pinnacle Bancorp Inc. lifted its stake in HDFC Bank by 109.7% during the first quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank's stock valued at $56,000 after purchasing an additional 443 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in HDFC Bank during the fourth quarter worth approximately $56,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

Shares of HDB opened at $75.30 on Friday. The company has a market capitalization of $190.68 billion, a PE ratio of 22.82, a PEG ratio of 1.88 and a beta of 0.64. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.07. The company's 50 day moving average price is $75.04 and its 200 day moving average price is $67.67. HDFC Bank Limited has a 52 week low of $57.24 and a 52 week high of $78.14.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. Research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th.

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.

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