Focus Partners Wealth acquired a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,468 shares of the bank's stock, valued at approximately $221,000.
Several other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in HDFC Bank during the fourth quarter valued at $29,000. Graney & King LLC acquired a new position in shares of HDFC Bank in the 4th quarter valued at about $38,000. Brown Brothers Harriman & Co. boosted its position in shares of HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after purchasing an additional 240 shares in the last quarter. Sierra Ocean LLC acquired a new stake in HDFC Bank during the fourth quarter worth approximately $42,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in HDFC Bank during the fourth quarter worth approximately $56,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.
HDFC Bank Stock Down 0.1%
NYSE HDB traded down $0.10 on Wednesday, hitting $74.06. 475,499 shares of the company were exchanged, compared to its average volume of 2,820,523. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a market cap of $187.53 billion, a PE ratio of 22.52, a PEG ratio of 2.12 and a beta of 0.63. The stock has a fifty day moving average of $69.91 and a 200-day moving average of $64.94. HDFC Bank Limited has a 12 month low of $55.00 and a 12 month high of $75.37.
HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.
Get Our Latest Report on HDFC Bank
HDFC Bank Profile
(
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.
See Also
Before you consider HDFC Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HDFC Bank wasn't on the list.
While HDFC Bank currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
