Sumitomo Mitsui Trust Group Inc. Has $87.52 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,317,346 shares of the bank's stock after selling 8,803 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.05% of HDFC Bank worth $87,524,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in shares of HDFC Bank by 52.0% during the 4th quarter. Northern Trust Corp now owns 1,015,588 shares of the bank's stock valued at $64,855,000 after purchasing an additional 347,488 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in HDFC Bank during the 4th quarter worth approximately $580,000. US Bancorp DE lifted its stake in HDFC Bank by 12.7% in the fourth quarter. US Bancorp DE now owns 157,665 shares of the bank's stock valued at $10,068,000 after buying an additional 17,800 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of HDFC Bank in the fourth quarter valued at approximately $2,907,000. Finally, Ovata Capital Management Ltd boosted its holdings in shares of HDFC Bank by 89.7% in the fourth quarter. Ovata Capital Management Ltd now owns 690,320 shares of the bank's stock valued at $43,863,000 after buying an additional 326,400 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

HDFC Bank Stock Down 0.0%

HDB traded down $0.02 on Thursday, hitting $76.16. 1,618,943 shares of the company were exchanged, compared to its average volume of 2,739,453. The company has a market cap of $192.86 billion, a PE ratio of 23.08, a PEG ratio of 1.83 and a beta of 0.64. HDFC Bank Limited has a 12 month low of $57.24 and a 12 month high of $78.14. The stock's fifty day moving average is $74.16 and its 200-day moving average is $66.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.07.

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

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.