HDFC Bank Limited (NYSE:HDB) Shares Purchased by AGF Management Ltd.

AGF Management Ltd. raised its stake in shares of HDFC Bank Limited (NYSE:HDB) by 61.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 235,208 shares of the bank’s stock after buying an additional 89,594 shares during the quarter. AGF Management Ltd.’s holdings in HDFC Bank were worth $15,131,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new stake in HDFC Bank during the 4th quarter valued at $29,000. Northwest Investment Counselors LLC acquired a new stake in HDFC Bank during the 1st quarter valued at $34,000. Janiczek Wealth Management LLC purchased a new position in shares of HDFC Bank during the 1st quarter worth $35,000. Ridgewood Investments LLC purchased a new position in shares of HDFC Bank during the 2nd quarter worth $36,000. Finally, LRI Investments LLC purchased a new position in shares of HDFC Bank during the 1st quarter worth $56,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.2 %

Shares of HDB opened at $61.17 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $113.77 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The stock’s fifty day simple moving average is $60.55 and its 200 day simple moving average is $58.85. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $67.44.

HDFC Bank (NYSE:HDB) last issued its earnings results on Monday, July 22nd. The bank reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.27. The business had revenue of $14.03 billion for the quarter, compared to analyst estimates of $4.81 billion. HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%. On average, equities research analysts forecast that HDFC Bank Limited will post 2.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th. JPMorgan Chase & Co. lowered HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd.

HDFC Bank 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.