Wilkinson Global Asset Management LLC Reduces Position in HDFC Bank Limited (NYSE:HDB)

Wilkinson Global Asset Management LLC cut its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 86.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,094 shares of the bank’s stock after selling 26,561 shares during the period. Wilkinson Global Asset Management LLC’s holdings in HDFC Bank were worth $272,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Graney & King LLC purchased a new stake in shares of HDFC Bank during the fourth quarter valued at $38,000. Brown Brothers Harriman & Co. boosted its position in shares of HDFC Bank by 63.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock valued at $39,000 after buying an additional 240 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of HDFC Bank during the first quarter valued at $55,000. Pinnacle Bancorp Inc. boosted its position in shares of HDFC Bank by 109.7% during the first quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank’s stock valued at $56,000 after buying an additional 443 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in HDFC Bank in the fourth quarter worth about $56,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Trading Down 0.9%

HDFC Bank stock opened at $76.00 on Friday. The business has a 50-day simple moving average of $74.69 and a two-hundred day simple moving average of $67.30. The company has a market cap of $192.45 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.87 and a beta of 0.64. HDFC Bank Limited has a 52-week low of $57.24 and a 52-week high of $78.14. The company has a quick ratio of 0.09, a current ratio of 0.07 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. Analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th.

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.