Dorsey & Whitney Trust CO LLC Has $288,000 Holdings in HDFC Bank Limited $HDB

Dorsey & Whitney Trust CO LLC cut its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 33.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,758 shares of the bank’s stock after selling 1,853 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in HDFC Bank were worth $288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its holdings in shares of HDFC Bank by 1,217.1% in the first quarter. Larson Financial Group LLC now owns 461 shares of the bank’s stock valued at $31,000 after purchasing an additional 426 shares in the last quarter. IFP Advisors Inc raised its position in shares of HDFC Bank by 65.9% during the first quarter. IFP Advisors Inc now owns 8,319 shares of the bank’s stock worth $553,000 after acquiring an additional 3,306 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of HDFC Bank during the first quarter valued at $2,207,000. KLP Kapitalforvaltning AS boosted its holdings in HDFC Bank by 0.6% in the first quarter. KLP Kapitalforvaltning AS now owns 241,100 shares of the bank’s stock valued at $16,019,000 after acquiring an additional 1,500 shares during the last quarter. Finally, One Wealth Advisors LLC increased its position in HDFC Bank by 9.5% in the first quarter. One Wealth Advisors LLC now owns 13,204 shares of the bank’s stock worth $877,000 after purchasing an additional 1,148 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Down 1.7%

Shares of NYSE HDB opened at $36.50 on Thursday. HDFC Bank Limited has a twelve month low of $28.89 and a twelve month high of $39.81. The company’s fifty day moving average is $35.65 and its 200-day moving average is $36.72. The stock has a market cap of $186.20 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.92 and a beta of 0.69.

HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, October 18th. The bank reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.08. HDFC Bank had a return on equity of 11.49% and a net margin of 14.94%.The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.98 billion. On average, research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on HDB. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of HDFC Bank in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, HDFC Bank has an average rating of “Moderate Buy”.

About HDFC Bank

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.