United Capital Financial Advisors LLC Trims Stock Holdings in HDFC Bank Limited (NYSE:HDB)

United Capital Financial Advisors LLC decreased its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,725 shares of the bank's stock after selling 11,353 shares during the period. United Capital Financial Advisors LLC's holdings in HDFC Bank were worth $6,560,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HDB. State Street Corp grew its stake in HDFC Bank by 15.8% in the third quarter. State Street Corp now owns 513,684 shares of the bank's stock valued at $32,136,000 after acquiring an additional 70,071 shares during the period. Virtu Financial LLC bought a new position in shares of HDFC Bank in the third quarter valued at $985,000. Sanctuary Advisors LLC grew its holdings in shares of HDFC Bank by 9.1% during the third quarter. Sanctuary Advisors LLC now owns 30,557 shares of the bank's stock valued at $1,971,000 after buying an additional 2,536 shares during the last quarter. Synovus Financial Corp increased its position in shares of HDFC Bank by 0.8% during the third quarter. Synovus Financial Corp now owns 89,591 shares of the bank's stock worth $5,605,000 after acquiring an additional 711 shares in the last quarter. Finally, Peapack Gladstone Financial Corp acquired a new stake in shares of HDFC Bank in the 3rd quarter worth about $353,000. 17.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HDB shares. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd.

HDFC Bank Stock Performance

NYSE HDB traded up $0.82 during trading hours on Tuesday, reaching $74.59. 2,053,948 shares of the company were exchanged, compared to its average volume of 3,069,120. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $188.87 billion, a P/E ratio of 22.66, a P/E/G ratio of 2.12 and a beta of 0.68. HDFC Bank Limited has a 1 year low of $54.99 and a 1 year high of $75.34. The business's 50 day simple moving average is $63.54 and its 200-day simple moving average is $63.12.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, equities research 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.