Mitsubishi UFJ Trust & Banking Corp Sells 47,877 Shares of HDFC Bank Limited (NYSE:HDB)

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of HDFC Bank Limited (NYSE:HDB) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 877,129 shares of the bank’s stock after selling 47,877 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in HDFC Bank were worth $63,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Vontobel Holding Ltd. bought a new stake in shares of HDFC Bank in the 4th quarter worth approximately $1,741,404,000. WCM Investment Management LLC lifted its holdings in shares of HDFC Bank by 38.8% in the 4th quarter. WCM Investment Management LLC now owns 34,742,685 shares of the bank’s stock worth $2,510,506,000 after acquiring an additional 9,703,130 shares during the last quarter. WestBridge Capital Management LLC bought a new stake in shares of HDFC Bank in the 4th quarter worth approximately $120,408,000. GSB Wealth Management LLC bought a new stake in shares of HDFC Bank in the 1st quarter worth approximately $126,450,000. Finally, CCLA Investment Management Ltd bought a new stake in shares of HDFC Bank in the 1st quarter worth approximately $98,726,000. Institutional investors and hedge funds own 20.67% of the company’s stock.

NYSE:HDB opened at $77.24 on Friday. The firm’s fifty day moving average price is $72.82. HDFC Bank Limited has a 52 week low of $40.61 and a 52 week high of $84.70. The company has a quick ratio of 0.39, a current ratio of 0.08 and a debt-to-equity ratio of 0.80. The company has a market cap of $141.18 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 1.27 and a beta of 0.77.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Friday, April 16th. The bank reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. HDFC Bank had a net margin of 20.43% and a return on equity of 15.73%. The company had revenue of $3.68 billion during the quarter. Research analysts predict that HDFC Bank Limited will post 2.8 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, April 28th.

About HDFC Bank

HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company accepts savings, salary, current, and Demat accounts; fixed and recurring deposits; and safe deposit lockers, and rural and pension accounts, as well as offshore accounts and deposits, overdrafts against fixed deposits and salaries, and sweep-in facilities.

See Also: How can you know how many shares are floating?

Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HDFC Bank Limited (NYSE:HDB).

Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter.