3,426 Shares in HDFC Bank Limited (NYSE:HDB) Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC acquired a new position in HDFC Bank Limited (NYSE:HDB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,426 shares of the bank's stock, valued at approximately $228,000.

Other institutional investors have also made changes to their positions in the company. Graney & King LLC bought a new stake in HDFC Bank during the fourth quarter worth $38,000. Brown Brothers Harriman & Co. raised its position in HDFC Bank by 63.7% during the fourth 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. NBC Securities Inc. bought a new stake in HDFC Bank during the first quarter worth $55,000. Pinnacle Bancorp Inc. raised its position in HDFC Bank by 109.7% during the first quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank's stock worth $56,000 after acquiring an additional 443 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in HDFC Bank during the fourth quarter worth $56,000. Institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

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.

HDFC Bank Stock Down 0.3%

Shares of HDB traded down $0.20 during trading hours on Friday, hitting $77.80. The company had a trading volume of 245,539 shares, compared to its average volume of 2,677,608. The firm has a market cap of $197.01 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.97 and a beta of 0.64. The business has a fifty day moving average of $75.52 and a 200-day moving average of $68.09. HDFC Bank Limited has a 12 month low of $57.24 and a 12 month high of $79.61.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, July 19th. The bank reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.03 billion. HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. On average, equities analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.