Brown Advisory Inc. Sells 227,753 Shares of HDFC Bank Limited (NYSE:HDB)

Brown Advisory Inc. decreased its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,844,289 shares of the bank's stock after selling 227,753 shares during the quarter. Brown Advisory Inc. owned about 0.19% of HDFC Bank worth $309,356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE grew its holdings in HDFC Bank by 12.7% during the 4th quarter. US Bancorp DE now owns 157,665 shares of the bank's stock worth $10,068,000 after acquiring an additional 17,800 shares during the period. Trinity Street Asset Management LLP grew its stake in shares of HDFC Bank by 7.4% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock worth $234,641,000 after purchasing an additional 252,600 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of HDFC Bank during the fourth quarter worth $2,907,000. Ovata Capital Management Ltd increased its holdings in 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 purchasing an additional 326,400 shares during the last quarter. Finally, Callan Family Office LLC acquired a new position in HDFC Bank in the fourth quarter valued at about $1,999,000. 17.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HDB has been the subject of a number of recent analyst reports. StockNews.com cut HDFC Bank from a "hold" rating to a "sell" rating in a research note on Monday. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

HDFC Bank Stock Up 1.4 %

Shares of NYSE:HDB traded up $0.99 during trading on Friday, hitting $70.49. 1,514,337 shares of the company's stock traded hands, compared to its average volume of 2,813,047. The company has a 50-day moving average price of $66.74 and a 200-day moving average price of $64.12. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $75.37. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a market cap of $178.50 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. As a group, research analysts forecast 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.