Capstone Investment Advisors LLC Trims Position in HDFC Bank Limited (NYSE:HDB)

Capstone Investment Advisors LLC decreased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 48.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 262,377 shares of the bank’s stock after selling 242,747 shares during the quarter. Capstone Investment Advisors LLC’s holdings in HDFC Bank were worth $16,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HDB. Pin Oak Investment Advisors Inc. increased its stake in HDFC Bank by 104.1% during 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. Ridgewood Investments LLC acquired a new stake in shares of HDFC Bank in the second quarter valued at about $36,000. Northwest Investment Counselors LLC acquired a new position in HDFC Bank during the 3rd quarter worth approximately $38,000. JFS Wealth Advisors LLC boosted 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 worth $42,000 after acquiring an additional 275 shares during the period. Finally, LRI Investments LLC purchased a new stake in shares of HDFC Bank during the first quarter valued at approximately $56,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 1.3 %

NYSE HDB opened at $67.50 on Friday. The company has a market capitalization of $170.93 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91. The company’s fifty day moving average price is $63.32 and its two-hundred day moving average price is $61.45. 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 Limited has a 12 month low of $52.16 and a 12 month high of $67.76.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. As a group, research analysts predict that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday.

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.