Whittier Trust Co. Sells 1,033 Shares of HDFC Bank Limited (NYSE:HDB)

Whittier Trust Co. lessened its position in HDFC Bank Limited (NYSE:HDB) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,047 shares of the bank’s stock after selling 1,033 shares during the quarter. Whittier Trust Co.’s holdings in HDFC Bank were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HDB. Capital World Investors lifted its stake in shares of HDFC Bank by 208.6% in the 1st quarter. Capital World Investors now owns 4,124,751 shares of the bank’s stock valued at $230,862,000 after purchasing an additional 2,788,197 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of HDFC Bank in the 2nd quarter valued at approximately $166,709,000. PineStone Asset Management Inc. lifted its stake in shares of HDFC Bank by 115.1% in the 2nd quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank’s stock valued at $287,488,000 after purchasing an additional 2,391,343 shares during the period. CCLA Investment Management lifted its stake in shares of HDFC Bank by 100,691.5% in the 1st quarter. CCLA Investment Management now owns 1,748,733 shares of the bank’s stock valued at $97,534,000 after purchasing an additional 1,746,998 shares during the period. Finally, Sustainable Growth Advisers LP lifted its stake in shares of HDFC Bank by 24.1% in the 1st quarter. Sustainable Growth Advisers LP now owns 8,824,089 shares of the bank’s stock valued at $493,884,000 after purchasing an additional 1,711,784 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HDB. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th.

HDFC Bank Stock Up 1.7 %

Shares of NYSE:HDB opened at $64.19 on Thursday. The stock has a market capitalization of $119.38 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.95 and a beta of 0.92. The stock has a fifty day simple moving average of $61.94 and a two-hundred day simple moving average of $60.34. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.44. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37.

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.