Crossmark Global Holdings Inc. Sells 5,650 Shares of HDFC Bank Limited (NYSE:HDB)

Crossmark Global Holdings Inc. decreased its position in HDFC Bank Limited (NYSE:HDB) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,842 shares of the bank’s stock after selling 5,650 shares during the period. Crossmark Global Holdings Inc.’s holdings in HDFC Bank were worth $4,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HDB. Temasek Holdings Private Ltd lifted its position in HDFC Bank by 1.6% during the 3rd quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock valued at $523,453,000 after purchasing an additional 132,445 shares during the period. FMR LLC lifted its holdings in HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after buying an additional 1,114,210 shares during the period. Franklin Resources Inc. boosted its stake in HDFC Bank by 9.0% in the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock valued at $420,477,000 after acquiring an additional 560,880 shares during the last quarter. Wellington Management Group LLP grew its holdings in HDFC Bank by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock worth $317,141,000 after acquiring an additional 108,312 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of HDFC Bank by 1.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock valued at $302,970,000 after acquiring an additional 51,736 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

HDFC Bank Price Performance

HDFC Bank stock opened at $60.69 on Thursday. The firm has a market capitalization of $153.69 billion, a P/E ratio of 18.45, a PEG ratio of 1.66 and a beta of 0.92. The business has a 50-day moving average of $63.83 and a 200-day moving average of $62.43. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, equities analysts anticipate that HDFC Bank Limited will post 3.13 EPS for the current year.

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.