OLD Mission Capital LLC Has $2.76 Million Holdings in HDFC Bank Limited (NYSE:HDB)

OLD Mission Capital LLC decreased its position in shares of HDFC Bank Limited (NYSE:HDB) by 76.5% in the fourth quarter, Holdings Channel reports. The fund owned 43,280 shares of the bank’s stock after selling 140,896 shares during the period. OLD Mission Capital LLC’s holdings in HDFC Bank were worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Glenmede Trust Co. NA lifted its position in shares of HDFC Bank by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after purchasing an additional 167 shares during the last quarter. Waverton Investment Management Ltd lifted its holdings in shares of HDFC Bank by 1.0% during the fourth quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank’s stock worth $1,275,000 after buying an additional 203 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position 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 valued at $39,000 after acquiring an additional 240 shares during the period. Level Four Advisory Services LLC grew its stake in shares of HDFC Bank by 3.6% in the fourth quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank’s stock worth $438,000 after acquiring an additional 241 shares during the last quarter. Finally, Baron Wealth Management LLC increased its position in HDFC Bank by 3.7% during the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock worth $470,000 after acquiring an additional 263 shares during the period. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Down 1.8 %

Shares of HDB stock opened at $65.24 on Wednesday. HDFC Bank Limited has a one year low of $54.99 and a one year high of $68.50. 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 stock has a fifty day moving average price of $61.30 and a 200 day moving average price of $62.72. The stock has a market cap of $165.19 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on HDB. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

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.