Cerity Partners LLC raised its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 53.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,710 shares of the bank's stock after acquiring an additional 22,523 shares during the quarter. Cerity Partners LLC's holdings in HDFC Bank were worth $4,048,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of HDFC Bank by 10.9% during the first quarter. Vanguard Group Inc. now owns 122,023 shares of the bank's stock worth $6,830,000 after purchasing an additional 12,037 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in HDFC Bank in the 1st quarter worth approximately $222,000. Hancock Whitney Corp bought a new position in HDFC Bank in the 1st quarter worth approximately $289,000. Virtu Financial LLC purchased a new stake in HDFC Bank during the 1st quarter valued at approximately $423,000. Finally, LRI Investments LLC bought a new stake in shares of HDFC Bank during the first quarter valued at approximately $56,000. 17.61% of the stock is owned by institutional investors.
HDFC Bank Price Performance
Shares of HDB traded down $0.74 during midday trading on Friday, hitting $66.76. 2,688,657 shares of the company traded hands, compared to its average volume of 3,008,595. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $67.76. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a 50 day moving average of $63.34 and a 200-day moving average of $61.53. The stock has a market cap of $169.06 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.79 and a beta of 0.91.
HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.09. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. On average, analysts forecast that HDFC Bank Limited will post 3.15 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday.
Get Our Latest Research Report on HDB
HDFC Bank Company Profile
(
Free Report)
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.
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