HDFC Bank Limited (NYSE:HDB) Holdings Trimmed by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE cut its holdings in shares of HDFC Bank Limited (NYSE:HDBGet Rating) by 1.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,480 shares of the bank’s stock after selling 453 shares during the quarter. Congress Wealth Management LLC DE’s holdings in HDFC Bank were worth $1,400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Prospera Financial Services Inc acquired a new stake in shares of HDFC Bank during the 1st quarter worth approximately $25,000. Urban Wealth Management LLC acquired a new position in shares of HDFC Bank during the second quarter valued at $27,000. Herold Advisors Inc. acquired a new position in shares of HDFC Bank during the first quarter valued at $64,000. Tcwp LLC bought a new position in HDFC Bank in the first quarter valued at approximately $68,000. Finally, Horan Securities Inc. bought a new position in HDFC Bank in the first quarter valued at approximately $75,000. 17.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of HDFC Bank in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

HDFC Bank Stock Up 1.1 %

HDFC Bank stock opened at $68.72 on Thursday. The company has a market cap of $127.03 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79. HDFC Bank Limited has a 1-year low of $50.61 and a 1-year high of $72.20. The company has a fifty day simple moving average of $62.16 and a 200 day simple moving average of $59.94. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96.

About HDFC Bank

(Get Rating)

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company 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, overdrafts against fixed deposits, and sweep-in facilities.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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