D.B. Root & Company LLC Cuts Stake in HDFC Bank Limited (NYSE:HDB)

D.B. Root & Company LLC cut its stake in HDFC Bank Limited (NYSE:HDB) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,318 shares of the bank’s stock after selling 181 shares during the quarter. D.B. Root & Company LLC’s holdings in HDFC Bank were worth $403,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. boosted its stake in shares of HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after acquiring an additional 254 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in HDFC Bank during the 3rd quarter worth $38,000. JFS Wealth Advisors LLC grew its holdings in shares of HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of HDFC Bank in the third quarter valued at about $65,000. Finally, GAMMA Investing LLC boosted its position in HDFC Bank by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock worth $76,000 after acquiring an additional 312 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $60.69 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The business’s 50 day moving average price is $63.82 and its 200 day moving average price is $62.42. The company has a market cap of $153.69 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.67 and a beta of 0.92. HDFC Bank Limited has a one year low of $52.16 and a one year high of $68.50.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, research analysts predict that HDFC Bank Limited will post 3.13 EPS for the current 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.