Tokio Marine Asset Management Co. Ltd. Cuts Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Tokio Marine Asset Management Co. Ltd. reduced its position in shares of HDFC Bank Limited (NYSE:HDB) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,500 shares of the bank’s stock after selling 500 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in HDFC Bank were worth $15,536,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in HDFC Bank during the 3rd quarter worth approximately $27,000. NBC Securities Inc. purchased a new stake in shares of HDFC Bank in the third quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new stake in shares of HDFC Bank in the fourth quarter valued at approximately $33,000. FinTrust Capital Advisors LLC grew its position in shares of HDFC Bank by 36.4% in the third quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after purchasing an additional 185 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of HDFC Bank by 89.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 615 shares of the bank’s stock valued at $41,000 after purchasing an additional 291 shares in the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday.

HDFC Bank Trading Down 0.3 %

HDFC Bank stock traded down $0.19 during mid-day trading on Wednesday, hitting $58.25. The company’s stock had a trading volume of 1,633,808 shares, compared to its average volume of 3,603,219. The firm has a market capitalization of $108.34 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.45 and a beta of 0.87. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $71.39. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. The stock’s fifty day moving average is $56.02 and its two-hundred day moving average is $58.57.

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.