GAMMA Investing LLC Raises Stock Position in HDFC Bank Limited (NYSE:HDB)

GAMMA Investing LLC raised its stake in shares of HDFC Bank Limited (NYSE:HDB) by 84.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,238 shares of the bank’s stock after buying an additional 1,023 shares during the quarter. GAMMA Investing LLC’s holdings in HDFC Bank were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HDB. Glenmede Trust Co. NA grew its holdings 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 worth $301,000 after acquiring an additional 167 shares during the period. Commerce Bank grew its stake in shares of HDFC Bank by 7.0% during 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 period. Pin Oak Investment Advisors Inc. increased its position in shares of HDFC Bank by 104.1% during 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 during the last quarter. Mount Yale Investment Advisors LLC lifted its stake in shares of HDFC Bank by 4.2% in the 3rd 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 during the period. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

HDFC Bank Trading Down 1.8 %

NYSE:HDB opened at $60.39 on Friday. HDFC Bank Limited has a one year low of $52.16 and a one year high of $68.50. The business has a fifty day moving average price of $64.63 and a 200-day moving average price of $62.82. The firm has a market capitalization of $152.93 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Sell-side analysts forecast that HDFC Bank Limited will post 3.15 EPS for the current 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.