Mercer Global Advisors Inc. ADV Sells 603 Shares of HDFC Bank Limited (NYSE:HDB)

Mercer Global Advisors Inc. ADV lessened its position in HDFC Bank Limited (NYSE:HDB) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,277 shares of the bank’s stock after selling 603 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in HDFC Bank were worth $720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new position in shares of HDFC Bank in the fourth quarter worth approximately $29,000. Graney & King LLC bought a new position in shares of HDFC Bank in the fourth quarter worth approximately $38,000. Brown Brothers Harriman & Co. lifted its stake in shares of HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after buying an additional 240 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of HDFC Bank in the fourth quarter worth approximately $42,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of HDFC Bank in the fourth quarter worth approximately $56,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.5%

Shares of HDFC Bank stock opened at $70.54 on Monday. The company has a market cap of $178.63 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. The company’s 50 day moving average is $66.95 and its 200 day moving average is $64.17. HDFC Bank Limited has a twelve month low of $54.99 and a twelve month high of $75.37. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HDB shares. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday, May 5th.

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.