Financial Perspectives Inc Purchases 4,646 Shares of HDFC Bank Limited (NYSE:HDB)

Financial Perspectives Inc lifted its holdings in HDFC Bank Limited (NYSE:HDB) by 159.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,568 shares of the bank’s stock after purchasing an additional 4,646 shares during the period. Financial Perspectives Inc’s holdings in HDFC Bank were worth $487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Angeles Investment Advisors LLC lifted its position in HDFC Bank by 12.8% during the second quarter. Angeles Investment Advisors LLC now owns 5,352 shares of the bank’s stock valued at $344,000 after purchasing an additional 606 shares in the last quarter. Rathbones Group PLC raised its holdings in HDFC Bank by 60.1% during the second quarter. Rathbones Group PLC now owns 208,633 shares of the bank’s stock valued at $13,421,000 after acquiring an additional 78,330 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in HDFC Bank by 3.7% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 25,268 shares of the bank’s stock worth $1,626,000 after purchasing an additional 897 shares in the last quarter. MayTech Global Investments LLC raised its position in shares of HDFC Bank by 3.3% during the second quarter. MayTech Global Investments LLC now owns 135,732 shares of the bank’s stock valued at $8,732,000 after buying an additional 4,307 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in HDFC Bank by 21.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 67,301 shares of the bank’s stock worth $4,329,000 after purchasing an additional 11,912 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 0.2 %

Shares of HDB opened at $62.60 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.37. The business has a fifty day moving average of $60.48 and a 200 day moving average of $59.01. The company has a market cap of $158.52 billion, a PE ratio of 19.20, a P/E/G ratio of 1.63 and a beta of 0.92. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $67.44.

HDFC Bank (NYSE:HDB) last released its earnings results on Monday, July 22nd. The bank reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.27. HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%. The firm had revenue of $14.03 billion for the quarter, compared to analysts’ expectations of $4.81 billion. On average, sell-side analysts expect that HDFC Bank Limited will post 2.97 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd.

HDFC Bank Company 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.