Russell Investments Group Ltd. Sells 2,466 Shares of HDFC Bank Limited (NYSE:HDB)

Russell Investments Group Ltd. lowered its stake in shares of HDFC Bank Limited (NYSE:HDB) by 0.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,556,290 shares of the bank’s stock after selling 2,466 shares during the quarter. Russell Investments Group Ltd.’s holdings in HDFC Bank were worth $171,571,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HDB. FinTrust Capital Advisors LLC lifted its stake in shares of HDFC Bank by 36.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock worth $41,000 after purchasing an additional 185 shares during the period. Commonwealth Equity Services LLC increased its holdings in HDFC Bank by 3.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the bank’s stock worth $387,000 after acquiring an additional 245 shares in the last quarter. GSB Wealth Management LLC increased its holdings in HDFC Bank by 1.9% in the 3rd quarter. GSB Wealth Management LLC now owns 13,575 shares of the bank’s stock worth $801,000 after acquiring an additional 253 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in HDFC Bank by 2.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 9,816 shares of the bank’s stock worth $659,000 after acquiring an additional 253 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in HDFC Bank by 44.7% in the 3rd quarter. Signaturefd LLC now owns 848 shares of the bank’s stock worth $50,000 after acquiring an additional 262 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

HDB traded up $0.01 during trading on Friday, reaching $58.34. 1,434,939 shares of the company traded hands, compared to its average volume of 2,953,923. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.40. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $71.39. The firm has a fifty day simple moving average of $56.19 and a 200 day simple moving average of $58.57. The company has a market cap of $108.51 billion, a P/E ratio of 17.90, a PEG ratio of 1.09 and a beta of 0.87.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Monday, April 22nd.

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.