Coldstream Capital Management Inc. cut its stake in HDFC Bank Limited (NYSE:HDB) by 3.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,843 shares of the bank’s stock after selling 280 shares during the period. Coldstream Capital Management Inc.’s holdings in HDFC Bank were worth $340,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HDB. State Street Corp lifted its stake in shares of HDFC Bank by 13.5% in the 4th quarter. State Street Corp now owns 1,003,106 shares of the bank’s stock valued at $63,567,000 after purchasing an additional 118,961 shares during the period. First Allied Advisory Services Inc. lifted its position in HDFC Bank by 12.0% during the fourth quarter. First Allied Advisory Services Inc. now owns 5,827 shares of the bank’s stock valued at $373,000 after buying an additional 623 shares during the period. Quantbot Technologies LP purchased a new position in HDFC Bank during the fourth quarter valued at $430,000. GW&K Investment Management LLC boosted its holdings in shares of HDFC Bank by 53.0% during the 4th quarter. GW&K Investment Management LLC now owns 203,115 shares of the bank’s stock valued at $12,871,000 after buying an additional 70,403 shares in the last quarter. Finally, Barclays PLC grew its position in shares of HDFC Bank by 121.5% in the 4th quarter. Barclays PLC now owns 1,064,644 shares of the bank’s stock worth $67,467,000 after buying an additional 583,973 shares during the period. 18.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:HDB traded down $0.55 during midday trading on Friday, reaching $45.10. 655,671 shares of the company’s stock traded hands, compared to its average volume of 2,723,274. HDFC Bank Limited has a one year low of $29.50 and a one year high of $65.89. The company has a market cap of $83.33 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 1.45 and a beta of 0.80. The stock has a 50 day moving average of $41.35 and a 200 day moving average of $49.80.

HDFC Bank (NYSE:HDB) last issued its earnings results on Saturday, April 18th. The bank reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. The business had revenue of $2.93 billion during the quarter. HDFC Bank had a return on equity of 15.15% and a net margin of 19.01%. Equities research analysts anticipate that HDFC Bank Limited will post 1.89 EPS for the current fiscal year.

Several research firms recently commented on HDB. ValuEngine raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Thursday, March 5th. Zacks Investment Research raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, TheStreet cut HDFC Bank from a “b-” rating to a “c+” rating in a research note on Tuesday, March 31st. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. HDFC Bank presently has a consensus rating of “Hold” and a consensus target price of $57.00.

HDFC Bank Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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