Diversify Advisory Services LLC Invests $663,000 in HDFC Bank Limited (NYSE:HDB)

Diversify Advisory Services LLC purchased a new stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,150 shares of the bank's stock, valued at approximately $663,000.

Several other institutional investors have also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG grew its stake in HDFC Bank by 451.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,490 shares of the bank's stock valued at $1,245,000 after purchasing an additional 15,955 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in HDFC Bank by 15.6% in the fourth quarter. Corient Private Wealth LLC now owns 22,144 shares of the bank's stock valued at $1,414,000 after acquiring an additional 2,996 shares during the period. iA Global Asset Management Inc. raised its stake in shares of HDFC Bank by 14.7% during the 4th quarter. iA Global Asset Management Inc. now owns 6,737 shares of the bank's stock worth $430,000 after buying an additional 861 shares during the period. Northwest & Ethical Investments L.P. raised its stake in shares of HDFC Bank by 3.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 35,303 shares of the bank's stock worth $2,254,000 after buying an additional 1,203 shares during the period. Finally, Whittier Trust Co. raised its stake in HDFC Bank by 51.3% in the 4th quarter. Whittier Trust Co. now owns 19,739 shares of the bank's stock valued at $1,261,000 after purchasing an additional 6,692 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Up 0.2%

Shares of NYSE HDB traded up $0.13 during mid-day trading on Wednesday, reaching $78.30. 1,021,926 shares of the company's stock were exchanged, compared to its average volume of 2,686,472. The firm has a market capitalization of $198.28 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 1.95 and a beta of 0.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.04 and a current ratio of 1.04. HDFC Bank Limited has a 52-week low of $57.24 and a 52-week high of $79.62. The company's 50-day moving average is $75.04 and its 200-day moving average is $67.72.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, July 19th. The bank reported $0.74 earnings per share (EPS) 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 analysts' expectations of $5.03 billion. HDFC Bank had a net margin of 14.49% and a return on equity of 11.29%. Analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th.

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.