Polen Capital Management LLC Decreases Stock Position in HDFC Bank Limited (NYSE:HDB)

Polen Capital Management LLC lowered its stake in HDFC Bank Limited (NYSE:HDB) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 774,580 shares of the bank’s stock after selling 64,459 shares during the period. Polen Capital Management LLC’s holdings in HDFC Bank were worth $49,465,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Whipplewood Advisors LLC purchased a new position in shares of HDFC Bank in the fourth quarter worth about $29,000. Pin Oak Investment Advisors Inc. increased its holdings in HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after purchasing an additional 254 shares during the period. Sierra Ocean LLC bought a new position in HDFC Bank during the 4th quarter valued at approximately $42,000. Kestra Investment Management LLC bought a new position in HDFC Bank during the 4th quarter valued at approximately $60,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HDFC Bank during the 3rd quarter valued at approximately $65,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

HDB has been the subject of a number of recent analyst reports. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

HDFC Bank Stock Up 1.1 %

Shares of NYSE:HDB opened at $60.68 on Monday. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50. The firm has a market capitalization of $153.66 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.12 and a beta of 0.92. The stock has a 50 day moving average price of $60.00 and a 200-day moving average price of $62.42. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, equities research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank 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.