Janney Capital Management LLC Has $5.88 Million Stake in HDFC Bank Limited (NYSE:HDB)

Janney Capital Management LLC reduced its position in HDFC Bank Limited (NYSE:HDB) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,037 shares of the bank’s stock after selling 7,556 shares during the period. Janney Capital Management LLC’s holdings in HDFC Bank were worth $5,878,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pin Oak Investment Advisors Inc. lifted its stake in shares of HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in HDFC Bank in the 3rd quarter valued at about $38,000. JFS Wealth Advisors LLC boosted its stake in HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after purchasing an additional 275 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in HDFC Bank during the 3rd quarter worth approximately $65,000. Finally, GAMMA Investing LLC raised its stake 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 worth $76,000 after purchasing an additional 312 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDB stock opened at $60.17 on Wednesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a 50-day moving average of $63.83 and a 200-day moving average of $62.43. HDFC Bank Limited has a one year low of $52.16 and a one year high of $68.50. The company has a market cap of $152.37 billion, a P/E ratio of 18.23, a P/E/G ratio of 1.66 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. Equities research analysts forecast that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.