Orion Portfolio Solutions LLC Boosts Position in HDFC Bank Limited (NYSE:HDB)

Orion Portfolio Solutions LLC raised its stake in HDFC Bank Limited (NYSE:HDB) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,615 shares of the bank’s stock after purchasing an additional 4,262 shares during the period. Orion Portfolio Solutions LLC’s holdings in HDFC Bank were worth $7,958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC purchased a new position in shares of HDFC Bank in the 4th quarter valued at $29,000. Graney & King LLC purchased a new position in shares of HDFC Bank during the fourth quarter worth about $38,000. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank during the fourth quarter worth about $42,000. Kestra Investment Management LLC purchased a new stake in shares of HDFC Bank in the 4th quarter valued at about $60,000. Finally, JFS Wealth Advisors LLC boosted its position in shares of HDFC Bank by 52.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock valued at $65,000 after purchasing an additional 351 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Down 1.1 %

HDB opened at $66.15 on Friday. The business has a 50 day moving average price of $61.01 and a two-hundred day moving average price of $62.65. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $68.50. The company has a market cap of $167.50 billion, a PE ratio of 20.10, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

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.