HDFC Bank Limited (NYSE:HDB) Shares Sold by GCM Grosvenor Holdings LLC

GCM Grosvenor Holdings LLC reduced its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 234,464 shares of the bank's stock after selling 13,777 shares during the quarter. HDFC Bank comprises approximately 2.2% of GCM Grosvenor Holdings LLC's investment portfolio, making the stock its 10th biggest holding. GCM Grosvenor Holdings LLC's holdings in HDFC Bank were worth $14,973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HDB. GAMMA Investing LLC grew its holdings in HDFC Bank by 84.2% in the fourth quarter. GAMMA Investing LLC now owns 2,238 shares of the bank's stock worth $143,000 after purchasing an additional 1,023 shares during the last quarter. Nordea Investment Management AB grew its holdings in HDFC Bank by 9.2% in the fourth quarter. Nordea Investment Management AB now owns 343,833 shares of the bank's stock worth $21,899,000 after purchasing an additional 28,974 shares during the last quarter. Diversified Trust Co purchased a new position in HDFC Bank in the fourth quarter worth $206,000. Aprio Wealth Management LLC acquired a new stake in shares of HDFC Bank during the fourth quarter worth $257,000. Finally, Sivia Capital Partners LLC grew its holdings in shares of HDFC Bank by 10.8% during the fourth quarter. Sivia Capital Partners LLC now owns 9,436 shares of the bank's stock valued at $603,000 after buying an additional 923 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HDB shares. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, StockNews.com lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Monday, May 5th.

HDFC Bank Stock Performance

Shares of HDB traded up $1.04 during trading hours on Friday, reaching $70.54. 2,323,241 shares of the company traded hands, compared to its average volume of 2,817,861. The stock has a market capitalization of $178.63 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.12 and a beta of 0.63. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $75.37. The business has a fifty day moving average price of $66.95 and a 200-day moving average price of $64.17.

HDFC Bank (NYSE:HDB - Get Free Report) last posted 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. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.