UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stake in HDFC Bank Limited (NYSE:HDB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 96.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,070 shares of the bank's stock after selling 3,308,258 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in HDFC Bank were worth $7,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Whipplewood Advisors LLC purchased a new stake in shares of HDFC Bank in the fourth quarter worth $29,000. Graney & King LLC bought a new stake in shares of HDFC Bank in the fourth quarter worth about $38,000. Brown Brothers Harriman & Co. boosted its position in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after acquiring an additional 240 shares in the last quarter. Sierra Ocean LLC bought a new stake in HDFC Bank during the 4th quarter valued at approximately $42,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of HDFC Bank in the 4th quarter worth approximately $56,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Trading Up 0.8%

Shares of NYSE:HDB traded up $0.63 during trading on Thursday, reaching $75.71. The company's stock had a trading volume of 1,801,305 shares, compared to its average volume of 2,790,397. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12 month low of $57.24 and a 12 month high of $75.98. The stock has a market capitalization of $191.72 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. The firm's 50 day simple moving average is $71.19 and its two-hundred day simple moving average is $65.54.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About HDFC Bank

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.