Kestra Private Wealth Services LLC Raises Stake in HDFC Bank Limited (NYSE:HDB)

Kestra Private Wealth Services LLC increased its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 13.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 97,086 shares of the bank's stock after purchasing an additional 11,255 shares during the period. Kestra Private Wealth Services LLC's holdings in HDFC Bank were worth $6,200,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA boosted its stake in shares of HDFC Bank by 3.6% in the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock valued at $301,000 after purchasing an additional 167 shares during the period. Commerce Bank increased its position in shares of HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank's stock valued at $214,000 after purchasing an additional 225 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after purchasing an additional 254 shares in the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of HDFC Bank by 4.2% during the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank's stock worth $399,000 after purchasing an additional 257 shares in the last quarter. Finally, Baron Wealth Management LLC increased its holdings in HDFC Bank by 3.7% in the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank's stock valued at $470,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Stock Performance

Shares of NYSE HDB traded down $0.04 during mid-day trading on Thursday, hitting $60.25. 4,027,511 shares of the company were exchanged, compared to its average volume of 2,710,166. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a market cap of $152.56 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91. The stock has a 50 day simple moving average of $62.37 and a 200-day simple moving average of $62.40. HDFC Bank Limited has a 1-year low of $52.31 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, sell-side analysts forecast that HDFC Bank Limited will post 3.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.