Wells Fargo & Company MN Has $25.20 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

Wells Fargo & Company MN cut its holdings in HDFC Bank Limited (NYSE:HDB) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 394,596 shares of the bank’s stock after selling 29,275 shares during the period. Wells Fargo & Company MN’s holdings in HDFC Bank were worth $25,199,000 at the end of the most recent quarter.

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

HDFC Bank Stock Performance

Shares of NYSE HDB opened at $67.34 on Friday. 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 capitalization of $170.52 billion, a P/E ratio of 20.47, a P/E/G ratio of 2.12 and a beta of 0.68. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $68.50. The stock has a 50 day moving average of $62.38 and a 200-day moving average of $62.78.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, equities research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

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.