Yousif Capital Management LLC Sells 18,765 Shares of HDFC Bank Limited (NYSE:HDB)

Yousif Capital Management LLC lessened its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 49.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 19,512 shares of the bank's stock after selling 18,765 shares during the period. Yousif Capital Management LLC's holdings in HDFC Bank were worth $1,296,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

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 Price Performance

Shares of NYSE:HDB opened at $73.95 on Wednesday. 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 firm has a fifty day moving average price of $72.88 and a 200 day moving average price of $66.10. HDFC Bank Limited has a fifty-two week low of $57.24 and a fifty-two week high of $77.76. The firm has a market cap of $187.25 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 1.77 and a beta of 0.64.

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

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