Mount Yale Investment Advisors LLC Sells 219 Shares of HDFC Bank Limited (NYSE:HDB)

Mount Yale Investment Advisors LLC cut its stake in shares of HDFC Bank Limited (NYSE:HDB) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,152 shares of the bank’s stock after selling 219 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in HDFC Bank were worth $393,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. KBC Group NV grew its stake in shares of HDFC Bank by 22.1% in the 4th quarter. KBC Group NV now owns 133,247 shares of the bank’s stock valued at $8,509,000 after buying an additional 24,088 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of HDFC Bank during the fourth quarter valued at approximately $1,077,000. Blue Trust Inc. raised its position in shares of HDFC Bank by 56.9% during the fourth quarter. Blue Trust Inc. now owns 39,933 shares of the bank’s stock worth $2,498,000 after purchasing an additional 14,474 shares during the period. Maple Brown Abbott Ltd lifted its holdings in shares of HDFC Bank by 8.5% in the 4th quarter. Maple Brown Abbott Ltd now owns 52,397 shares of the bank’s stock worth $3,346,000 after purchasing an additional 4,110 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in HDFC Bank in the 4th quarter valued at $347,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

Shares of HDB stock opened at $60.37 on Wednesday. HDFC Bank Limited has a one year low of $52.16 and a one year high of $68.50. The company has a market cap of $152.87 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.73 and a beta of 0.92. The firm has a 50-day moving average of $63.62 and a 200-day moving average of $62.38. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 11.78%. Equities research analysts forecast that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on HDB. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

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.