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

Brown Advisory Inc. decreased its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 1.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,767,454 shares of the bank's stock after selling 76,835 shares during the quarter. Brown Advisory Inc. owned 0.19% of HDFC Bank worth $316,750,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. GQG Partners LLC grew its holdings in HDFC Bank by 74.4% in the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock valued at $503,431,000 after purchasing an additional 3,364,114 shares during the period. Schroder Investment Management Group increased its stake in HDFC Bank by 82.1% in the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock valued at $447,584,000 after purchasing an additional 3,160,533 shares during the last quarter. FIL Ltd grew its position in shares of HDFC Bank by 17.5% during the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after acquiring an additional 2,599,337 shares during the last quarter. Royal Bank of Canada grew its position in shares of HDFC Bank by 43.0% during the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock worth $466,629,000 after acquiring an additional 2,196,315 shares during the last quarter. Finally, National Bank of Canada FI grew its position in HDFC Bank by 3,535.1% in the 4th quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank's stock valued at $122,718,000 after buying an additional 1,868,804 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Performance

Shares of HDFC Bank stock traded up $0.64 during midday trading on Wednesday, hitting $76.81. The company had a trading volume of 1,589,193 shares, compared to its average volume of 2,717,303. The business's 50 day simple moving average is $74.47 and its two-hundred day simple moving average is $67.07. The stock has a market cap of $194.51 billion, a PE ratio of 23.28, a P/E/G ratio of 1.85 and a beta of 0.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.07 and a quick ratio of 0.09. HDFC Bank Limited has a 1-year low of $57.24 and a 1-year high of $78.14.

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

Analyst Ratings Changes

Separately, Wall Street Zen raised 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.