Schechter Investment Advisors LLC Sells 4,148 Shares of HDFC Bank Limited (NYSE:HDB)

Schechter Investment Advisors LLC cut its position in shares of HDFC Bank Limited (NYSE:HDB) by 19.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,074 shares of the bank’s stock after selling 4,148 shares during the period. Schechter Investment Advisors LLC’s holdings in HDFC Bank were worth $1,134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of HDB. Graney & King LLC bought a new stake in HDFC Bank during the 4th quarter valued at $38,000. Brown Brothers Harriman & Co. raised its position in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock valued at $39,000 after purchasing an additional 240 shares in the last quarter. NBC Securities Inc. bought a new stake in HDFC Bank during the 1st quarter valued at $55,000. Atlas Capital Advisors Inc. bought a new position in shares of HDFC Bank in the 4th quarter worth $56,000. Finally, Pinnacle Bancorp Inc. raised its position in shares of HDFC Bank by 109.7% in the 1st quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank’s stock worth $56,000 after acquiring an additional 443 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

HDFC Bank Trading Down 0.9%

HDB opened at $76.00 on Monday. The firm has a market cap of $192.45 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.87 and a beta of 0.64. The company has a current ratio of 0.07, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12 month low of $57.24 and a 12 month high of $78.14. The stock has a fifty day moving average price of $74.69 and a 200-day moving average price of $67.32.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. As a group, equities research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th.

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.