Hexavest Inc. boosted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 879.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,645 shares of the bank’s stock after buying an additional 23,026 shares during the period. Hexavest Inc.’s holdings in HDFC Bank were worth $1,463,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Lenox Wealth Advisors LLC increased its holdings in shares of HDFC Bank by 100.0% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 566 shares of the bank’s stock worth $32,000 after purchasing an additional 283 shares in the last quarter. Nkcfo LLC bought a new stake in shares of HDFC Bank in the 2nd quarter worth $39,000. Manchester Financial Inc. bought a new stake in shares of HDFC Bank in the 2nd quarter worth $51,000. Cubist Systematic Strategies LLC bought a new stake in shares of HDFC Bank in the 2nd quarter worth $52,000. Finally, Advisors Preferred LLC bought a new stake in shares of HDFC Bank in the 2nd quarter worth $53,000. 9.18% of the stock is owned by institutional investors and hedge funds.
HDB has been the subject of a number of research analyst reports. Zacks Investment Research lowered HDFC Bank from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Sanford C. Bernstein lowered HDFC Bank from an “outperform” rating to a “market perform” rating in a report on Monday, September 9th.
HDFC Bank stock opened at $56.04 on Friday. The firm has a market cap of $103.09 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 1.14 and a beta of 0.43. The stock has a fifty day simple moving average of $90.91 and a two-hundred day simple moving average of $112.44. HDFC Bank Limited has a 12 month low of $43.62 and a 12 month high of $65.89. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.64.
HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, July 20th. The bank reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.03). The business had revenue of $4.65 billion during the quarter. HDFC Bank had a return on equity of 13.23% and a net margin of 17.98%. On average, equities research analysts forecast that HDFC Bank Limited will post 2.06 EPS for the current fiscal year.
HDFC Bank Company Profile
HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.
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