WCM Investment Management LLC Has $2.45 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

WCM Investment Management LLC lessened its stake in HDFC Bank Limited (NYSE:HDB) by 25.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,116 shares of the bank’s stock after selling 12,873 shares during the quarter. WCM Investment Management LLC’s holdings in HDFC Bank were worth $2,453,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HDB. UMB Bank n.a. lifted its holdings in shares of HDFC Bank by 5.4% in the second quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock valued at $311,000 after purchasing an additional 248 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its stake in HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock valued at $399,000 after acquiring an additional 257 shares in the last quarter. Endowment Wealth Management Inc. boosted its position in HDFC Bank by 6.5% during the 1st quarter. Endowment Wealth Management Inc. now owns 4,438 shares of the bank’s stock worth $248,000 after acquiring an additional 272 shares during the last quarter. JFS Wealth Advisors LLC grew its stake 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 acquiring an additional 275 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of HDFC Bank by 34.6% in the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after purchasing an additional 312 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HDB. StockNews.com raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. downgraded HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd.

HDFC Bank Trading Up 0.7 %

Shares of HDFC Bank stock opened at $64.52 on Tuesday. The stock has a market cap of $163.38 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.68 and a beta of 0.91. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.44. The business’s 50 day moving average is $62.73 and its 200-day moving average is $60.86.

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.