GTS Securities LLC purchased a new stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,364 shares of the bank's stock, valued at approximately $215,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in HDFC Bank during the 4th quarter valued at $29,000. Graney & King LLC purchased a new stake in HDFC Bank in the fourth quarter worth about $38,000. Brown Brothers Harriman & Co. grew its holdings in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after acquiring an additional 240 shares in the last quarter. Sierra Ocean LLC purchased a new position in HDFC Bank during the 4th quarter valued at about $42,000. Finally, Atlas Capital Advisors Inc. purchased a new position in HDFC Bank during the 4th quarter valued at about $56,000. Institutional investors own 17.61% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th.
Read Our Latest Research Report on HDFC Bank
HDFC Bank Stock Up 0.4%
NYSE HDB traded up $0.32 during midday trading on Monday, hitting $75.71. 2,179,917 shares of the company traded hands, compared to its average volume of 2,823,205. HDFC Bank Limited has a 52 week low of $55.00 and a 52 week high of $75.73. The company's 50-day simple moving average is $70.47 and its 200-day simple moving average is $65.22. The company has a market cap of $191.71 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.
HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. As a group, equities research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.
About HDFC Bank
(
Free Report)
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.
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