HDFC Bank Limited (NYSE:HDB) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in shares of HDFC Bank Limited (NYSE:HDB) by 3.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,065 shares of the bank’s stock after selling 1,537 shares during the period. Truist Financial Corp’s holdings in HDFC Bank were worth $2,878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pin Oak Investment Advisors Inc. increased its holdings in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after buying an additional 254 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank during the 4th quarter worth $42,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of HDFC Bank during the 3rd quarter worth $65,000. Finally, Brooklyn Investment Group increased its holdings in shares of HDFC Bank by 967.0% during the 4th quarter. Brooklyn Investment Group now owns 1,878 shares of the bank’s stock worth $120,000 after buying an additional 1,702 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

NYSE:HDB opened at $60.13 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a 50-day moving average of $61.11 and a two-hundred day moving average of $62.44. The stock has a market cap of $152.25 billion, a P/E ratio of 18.28, a PEG ratio of 2.12 and a beta of 0.91. HDFC Bank Limited has a 1-year low of $53.00 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

HDFC Bank Company 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.