Orion Portfolio Solutions LLC Increases Stock Position in HDFC Bank Limited (NYSE:HDB)

Orion Portfolio Solutions LLC grew its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 17.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,353 shares of the bank's stock after purchasing an additional 18,064 shares during the quarter. Orion Portfolio Solutions LLC's holdings in HDFC Bank were worth $7,529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. lifted its holdings in shares of HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock worth $31,000 after buying an additional 254 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in HDFC Bank in the second quarter valued at approximately $36,000. Northwest Investment Counselors LLC purchased a new stake in HDFC Bank in the third quarter valued at approximately $38,000. JFS Wealth Advisors LLC raised its stake in HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after purchasing an additional 275 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new stake in HDFC Bank in the third quarter valued at approximately $65,000. Institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Up 1.0 %

Shares of HDFC Bank stock traded up $0.70 on Monday, hitting $68.01. The stock had a trading volume of 1,740,889 shares, compared to its average volume of 3,016,828. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a one year low of $52.16 and a one year high of $68.50. The stock has a market cap of $172.22 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.79 and a beta of 0.92. The stock's 50-day simple moving average is $63.59 and its two-hundred day simple moving average is $62.07.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.09. The firm had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. As a group, sell-side analysts predict that HDFC Bank Limited will post 3.15 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

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.