HB Wealth Management LLC Purchases Shares of 3,649 HDFC Bank Limited (NYSE:HDB)

HB Wealth Management LLC acquired a new position in shares of HDFC Bank Limited (NYSE:HDB) during the 4th quarter, Holdings Channel reports. The firm acquired 3,649 shares of the bank’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of HDFC Bank by 2,092.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock valued at $213,851,000 after purchasing an additional 3,262,442 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in HDFC Bank by 130.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank’s stock valued at $140,593,000 after buying an additional 1,236,100 shares during the last quarter. FMR LLC raised its holdings in HDFC Bank by 19.3% in the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after acquiring an additional 1,114,210 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in HDFC Bank in the 2nd quarter valued at $56,961,000. Finally, Clearbridge Investments LLC increased its position in HDFC Bank by 141.2% during the 2nd quarter. Clearbridge Investments LLC now owns 1,457,755 shares of the bank’s stock worth $93,777,000 after buying an additional 853,287 shares during the period. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

NYSE:HDB opened at $58.47 on Friday. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $68.50. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock’s 50-day simple moving average is $63.76 and its 200 day simple moving average is $62.39. The firm has a market capitalization of $148.05 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 11.78%. On average, analysts anticipate that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on HDB shares. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday.

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.