Brown Advisory Inc. Cuts Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Brown Advisory Inc. trimmed its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,844,289 shares of the bank's stock after selling 227,753 shares during the quarter. Brown Advisory Inc. owned 0.19% of HDFC Bank worth $309,356,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Whipplewood Advisors LLC bought a new stake in shares of HDFC Bank in the 4th quarter valued at approximately $29,000. Graney & King LLC purchased a new stake in HDFC Bank during the 4th quarter valued at $38,000. Brown Brothers Harriman & Co. lifted its position in HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after buying an additional 240 shares during the last quarter. Sierra Ocean LLC bought a new position in HDFC Bank during the fourth quarter valued at $42,000. Finally, Atlas Capital Advisors Inc. bought a new position in HDFC Bank during the fourth quarter valued at $56,000. Institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a report on Monday.

HDFC Bank Trading Down 0.7 %

Shares of NYSE HDB traded down $0.51 during mid-day trading on Tuesday, reaching $73.08. The company had a trading volume of 1,842,831 shares, compared to its average volume of 2,815,743. The stock has a market cap of $185.05 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $75.37. The business's 50-day moving average is $66.34 and its 200-day moving average is $64.02. 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 (NYSE:HDB - Get Free Report) last issued its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates 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%. Equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current 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.