Ritholtz Wealth Management Purchases 2,974 Shares of HDFC Bank Limited (NYSE:HDB)

Ritholtz Wealth Management boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 25.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,506 shares of the bank’s stock after purchasing an additional 2,974 shares during the quarter. Ritholtz Wealth Management’s holdings in HDFC Bank were worth $926,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HDB. Temasek Holdings Private Ltd grew its position in HDFC Bank by 1.6% in the third quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock worth $523,453,000 after acquiring an additional 132,445 shares in the last quarter. FMR LLC raised its holdings in HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after buying an additional 1,114,210 shares during the period. Franklin Resources Inc. lifted its position in HDFC Bank by 9.0% in the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock worth $420,477,000 after buying an additional 560,880 shares during the last quarter. Wellington Management Group LLP boosted its stake in HDFC Bank by 2.2% during the third quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock worth $317,141,000 after buying an additional 108,312 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in HDFC Bank by 1.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock valued at $302,970,000 after acquiring an additional 51,736 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

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

HDFC Bank Price Performance

Shares of HDB stock opened at $58.39 on Monday. The stock has a 50 day moving average price of $64.02 and a 200 day moving average price of $62.54. The firm has a market capitalization of $147.87 billion, a P/E ratio of 17.75, a P/E/G ratio of 1.67 and a beta of 0.92. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.76 by $0.09. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate 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 3.13 earnings per share 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.