HDFC Bank Limited (NYSE:HDB) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 62.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,475 shares of the bank's stock after selling 67,693 shares during the quarter. Federated Hermes Inc.'s holdings in HDFC Bank were worth $2,716,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HDB. Skandinaviska Enskilda Banken AB publ bought a new stake in HDFC Bank in the third quarter worth $27,000. NBC Securities Inc. bought a new stake in HDFC Bank in the third quarter worth $29,000. FinTrust Capital Advisors LLC lifted its position in HDFC Bank by 36.4% in the third quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank's stock worth $41,000 after buying an additional 185 shares during the last quarter. Signaturefd LLC lifted its position in HDFC Bank by 44.7% in the third quarter. Signaturefd LLC now owns 848 shares of the bank's stock worth $50,000 after buying an additional 262 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in HDFC Bank in the fourth quarter worth $136,000. 17.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a research report on Monday, April 22nd.

HDFC Bank Trading Up 0.0 %

Shares of NYSE:HDB traded up $0.01 on Friday, hitting $58.34. 1,434,939 shares of the company's stock were exchanged, compared to its average volume of 2,953,923. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $71.39. The stock has a market capitalization of $108.51 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.09 and a beta of 0.87. The business's 50 day simple moving average is $56.19 and its two-hundred day simple moving average is $58.56. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.40 and a quick ratio of 0.52.

HDFC Bank 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.