HDFC Bank Limited (NYSE:HDB) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its stake in HDFC Bank Limited (NYSE:HDB) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,754 shares of the bank’s stock after selling 5,522 shares during the period. Hantz Financial Services Inc.’s holdings in HDFC Bank were worth $4,071,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA lifted its stake in HDFC Bank by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock valued at $301,000 after buying an additional 167 shares in the last quarter. Commerce Bank lifted its stake in HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock valued at $214,000 after buying an additional 225 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares in the last quarter. Mount Yale Investment Advisors LLC raised its holdings in HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock valued at $399,000 after acquiring an additional 257 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after acquiring an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

HDB has been the subject of several analyst reports. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a 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. Finally, Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

HDFC Bank Stock Down 1.2 %

Shares of NYSE HDB opened at $59.64 on Thursday. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $68.50. The company has a market cap of $151.02 billion, a P/E ratio of 18.13, a P/E/G ratio of 1.73 and a beta of 0.92. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock has a fifty day moving average price of $63.56 and a 200 day moving average price of $62.38.

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