Templeton & Phillips Capital Management LLC Sells 509 Shares of HDFC Bank Limited (NYSE:HDB)

Templeton & Phillips Capital Management LLC lowered its position in shares of HDFC Bank Limited (NYSE:HDB) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,752 shares of the bank’s stock after selling 509 shares during the quarter. HDFC Bank comprises 6.9% of Templeton & Phillips Capital Management LLC’s portfolio, making the stock its 4th largest position. Templeton & Phillips Capital Management LLC’s holdings in HDFC Bank were worth $8,733,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in shares of HDFC Bank during the 4th quarter worth approximately $29,000. Pin Oak Investment Advisors Inc. raised its position in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after purchasing an additional 254 shares during the period. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank during the 4th quarter worth approximately $42,000. Kestra Investment Management LLC acquired a new stake in HDFC Bank in the 4th quarter valued at approximately $60,000. Finally, JFS Wealth Advisors LLC increased its position in HDFC Bank by 52.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock valued at $65,000 after acquiring an additional 351 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

Shares of NYSE HDB opened at $64.54 on Monday. The stock has a fifty day moving average price of $60.26 and a two-hundred day moving average price of $62.49. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $163.42 billion, a P/E ratio of 19.62, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 1 year low of $54.07 and a 1 year high of $68.50.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HDB has been the topic of several analyst reports. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research 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.