Ieq Capital LLC Buys New Position in HDFC Bank Limited (NYSE:HDB)

Ieq Capital LLC bought a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,162 shares of the bank's stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. grew its holdings in HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock worth $31,000 after acquiring an additional 254 shares during the period. Sierra Ocean LLC bought a new position in shares of HDFC Bank in the 4th quarter worth $42,000. JFS Wealth Advisors LLC grew its stake in shares of HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after purchasing an additional 275 shares during the period. Kestra Investment Management LLC bought a new stake in HDFC Bank in the fourth quarter valued at about $60,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in HDFC Bank in the third quarter valued at about $65,000. Institutional investors own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com cut HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.

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HDFC Bank Stock Down 1.1 %

Shares of NYSE HDB traded down $0.68 during mid-day trading on Tuesday, reaching $59.98. 1,528,017 shares of the company's stock were exchanged, compared to its average volume of 2,590,955. HDFC Bank Limited has a twelve month low of $54.07 and a twelve month high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $151.87 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.12 and a beta of 0.91. The business has a fifty day simple moving average of $60.80 and a 200 day simple moving average of $62.47.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, equities analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank Company 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.