Marietta Investment Partners LLC Has $7.61 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Marietta Investment Partners LLC cut its holdings in HDFC Bank Limited (NYSE:HDB) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 118,270 shares of the bank’s stock after selling 5,102 shares during the quarter. HDFC Bank makes up 1.7% of Marietta Investment Partners LLC’s portfolio, making the stock its 16th largest position. Marietta Investment Partners LLC’s holdings in HDFC Bank were worth $7,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ridgewood Investments LLC acquired a new stake in shares of HDFC Bank in the second quarter valued at $36,000. Northwest Investment Counselors LLC acquired a new stake in shares of HDFC Bank in the first quarter valued at $34,000. Janiczek Wealth Management LLC acquired a new stake in shares of HDFC Bank in the first quarter valued at $35,000. GAMMA Investing LLC increased its position in HDFC Bank by 56.0% in the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after purchasing an additional 324 shares during the period. Finally, Cape Investment Advisory Inc. acquired a new stake in HDFC Bank in the fourth quarter worth about $67,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

HDFC Bank stock opened at $65.73 on Monday. The firm has a market capitalization of $122.25 billion, a P/E ratio of 20.16, a PEG ratio of 1.63 and a beta of 0.92. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.44. The business has a 50-day moving average of $60.79 and a 200-day moving average of $59.34. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37.

HDFC Bank (NYSE:HDB) last posted its earnings results on Monday, July 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.27. HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%. The company had revenue of $14.03 billion during the quarter, compared to analyst estimates of $4.81 billion. On average, equities analysts anticipate that HDFC Bank Limited will post 2.97 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th. JPMorgan Chase & Co. lowered HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd.

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.