C WorldWide Group Holding A S Reduces Stake in HDFC Bank Limited (NYSE:HDB)

C WorldWide Group Holding A S decreased its position in HDFC Bank Limited (NYSE:HDB) by 0.9% during the fourth quarter, Holdings Channel reports. The fund owned 3,761,339 shares of the bank’s stock after selling 33,261 shares during the period. HDFC Bank comprises approximately 3.4% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 12th biggest position. C WorldWide Group Holding A S’s holdings in HDFC Bank were worth $252,423,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FinTrust Capital Advisors LLC increased its position in HDFC Bank by 36.4% in the third quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock worth $41,000 after buying an additional 185 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in HDFC Bank by 3.9% during the third quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the bank’s stock valued at $387,000 after purchasing an additional 245 shares in the last quarter. GSB Wealth Management LLC boosted its position in shares of HDFC Bank by 1.9% in the third quarter. GSB Wealth Management LLC now owns 13,575 shares of the bank’s stock worth $801,000 after purchasing an additional 253 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of HDFC Bank by 2.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 9,816 shares of the bank’s stock worth $659,000 after purchasing an additional 253 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of HDFC Bank by 44.7% during the 3rd quarter. Signaturefd LLC now owns 848 shares of the bank’s stock valued at $50,000 after purchasing an additional 262 shares during the period. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd.

HDFC Bank Price Performance

HDB traded up $0.01 during trading on Friday, reaching $58.34. 1,434,939 shares of the company traded hands, compared to its average volume of 2,953,923. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $71.39. The firm has a fifty day simple moving average of $56.19 and a 200 day simple moving average of $58.57. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.40. The company has a market cap of $108.51 billion, a P/E ratio of 17.90, a PEG ratio of 1.09 and a beta of 0.87.

HDFC Bank 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.