West Family Investments Inc. Raises Stock Holdings in HDFC Bank Limited (NYSE:HDB)

West Family Investments Inc. boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 88.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,580 shares of the bank's stock after acquiring an additional 10,154 shares during the quarter. West Family Investments Inc.'s holdings in HDFC Bank were worth $1,350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Ridgewood Investments LLC acquired a new position in shares of HDFC Bank in the 2nd quarter valued at $36,000. Northwest Investment Counselors LLC bought a new position in HDFC Bank in the third quarter valued at about $38,000. JFS Wealth Advisors LLC grew its holdings in HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after acquiring an additional 275 shares during the period. LRI Investments LLC bought a new position in HDFC Bank during the first quarter worth about $56,000. Finally, GAMMA Investing LLC raised its holdings in HDFC Bank by 56.0% in the second quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock worth $58,000 after purchasing an additional 324 shares during the period. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HDB has been the subject of several research reports. StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. downgraded shares of HDFC Bank from an "overweight" rating to a "neutral" rating in a report on Monday, July 22nd.

HDFC Bank Trading Up 1.4 %

Shares of HDFC Bank stock traded up $0.85 during trading on Tuesday, hitting $63.17. The company's stock had a trading volume of 1,740,918 shares, compared to its average volume of 2,977,365. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $67.44. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of $159.97 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.62 and a beta of 0.91. The stock has a 50-day moving average price of $62.88 and a two-hundred day moving average price of $61.03.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.09. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. Equities research analysts anticipate that HDFC Bank Limited will post 3.2 EPS for the current fiscal year.

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.