Sanctuary Advisors LLC bought a new position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,021 shares of the bank's stock, valued at approximately $1,803,000.
Several other large investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of HDFC Bank in the 1st quarter worth about $34,000. Janiczek Wealth Management LLC purchased a new position in shares of HDFC Bank during the 1st quarter worth approximately $35,000. Ridgewood Investments LLC purchased a new position in HDFC Bank during the second quarter worth $36,000. LRI Investments LLC purchased a new stake in HDFC Bank during the 1st quarter worth about $56,000. Finally, GAMMA Investing LLC boosted its position in HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock worth $58,000 after acquiring an additional 324 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 opened at $60.12 on Wednesday. The business has a 50-day moving average of $61.46 and a two-hundred day moving average of $59.95. The firm has a market capitalization of $111.82 billion, a PE ratio of 18.52, a P/E/G ratio of 1.76 and a beta of 0.92. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.44.
HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Monday, July 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.27. The firm had revenue of $14.03 billion during the quarter, compared to the consensus estimate of $4.81 billion. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. As a group, research analysts forecast that HDFC Bank Limited will post 2.97 earnings per share for the current year.
Wall Street Analyst Weigh In
HDB has been the subject of a number of research analyst reports. StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Friday, October 4th. JPMorgan Chase & Co. lowered shares of HDFC Bank from an "overweight" rating to a "neutral" rating in a report on Monday, July 22nd.
View Our Latest Report on HDFC Bank
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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