Brown Advisory Inc. Sells 76,835 Shares of HDFC Bank Limited (NYSE:HDB)

Brown Advisory Inc. cut its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,767,454 shares of the bank's stock after selling 76,835 shares during the period. Brown Advisory Inc. owned about 0.19% of HDFC Bank worth $316,750,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HDB. Graney & King LLC acquired a new position in shares of HDFC Bank in the 4th quarter worth approximately $38,000. Brown Brothers Harriman & Co. lifted its position 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 during the period. NBC Securities Inc. acquired a new position in shares of HDFC Bank in the 1st quarter worth approximately $55,000. Atlas Capital Advisors Inc. acquired a new position in shares of HDFC Bank in the 4th quarter worth approximately $56,000. Finally, Pinnacle Bancorp Inc. lifted its position in shares of HDFC Bank by 109.7% in the 1st quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank's stock worth $56,000 after purchasing an additional 443 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Trading Down 0.3%

Shares of NYSE HDB traded down $0.25 during midday trading on Thursday, reaching $76.62. The stock had a trading volume of 694,723 shares, compared to its average volume of 2,709,354. The firm has a market cap of $194.02 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 1.85 and a beta of 0.64. HDFC Bank Limited has a twelve month low of $57.24 and a twelve month high of $78.14. 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 $74.55 and its 200 day moving average price is $67.14.

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

Wall Street Analyst Weigh In

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

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.