HDFC Bank Limited (NYSE:HDB) Stake Boosted by Maple Brown Abbott Ltd

Maple Brown Abbott Ltd raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,397 shares of the bank’s stock after purchasing an additional 4,110 shares during the period. HDFC Bank comprises about 0.4% of Maple Brown Abbott Ltd’s portfolio, making the stock its 14th largest holding. Maple Brown Abbott Ltd’s holdings in HDFC Bank were worth $3,346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Pin Oak Investment Advisors Inc. raised its stake in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after acquiring an additional 254 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of HDFC Bank in the 3rd quarter worth approximately $38,000. JFS Wealth Advisors LLC boosted its position in HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after purchasing an additional 275 shares during the period. RPg Family Wealth Advisory LLC bought a new position in HDFC Bank during the 3rd quarter worth $65,000. Finally, GAMMA Investing LLC increased its position in HDFC Bank by 34.6% in the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock worth $76,000 after buying an additional 312 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Trading Down 0.8 %

NYSE:HDB opened at $58.47 on Monday. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50. The business has a fifty day moving average of $63.69 and a 200-day moving average of $62.38. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $148.05 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.73 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last released its earnings results on Wednesday, January 22nd. The bank reported $0.82 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%. Equities analysts predict that HDFC Bank Limited will post 3.13 earnings per share for the current year.

Analyst Ratings Changes

HDB has been the subject of several analyst reports. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday.

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.