HDFC Bank Limited (NYSE:HDB) Shares Acquired by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 12.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,352 shares of the bank’s stock after acquiring an additional 606 shares during the period. Angeles Investment Advisors LLC’s holdings in HDFC Bank were worth $344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HDB. Private Advisor Group LLC increased its holdings in shares of HDFC Bank by 2.3% during the 4th quarter. Private Advisor Group LLC now owns 9,853 shares of the bank’s stock valued at $661,000 after purchasing an additional 218 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of HDFC Bank during the 4th quarter valued at approximately $82,000. Avantax Advisory Services Inc. increased its holdings in shares of HDFC Bank by 10.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 13,983 shares of the bank’s stock valued at $938,000 after purchasing an additional 1,300 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of HDFC Bank by 5.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,247 shares of the bank’s stock valued at $822,000 after purchasing an additional 625 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of HDFC Bank by 45.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,560 shares of the bank’s stock valued at $105,000 after purchasing an additional 485 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $62.60 on Monday. The firm has a market cap of $158.52 billion, a PE ratio of 19.20, a PEG ratio of 1.63 and a beta of 0.92. The firm has a fifty day moving average of $60.48 and a 200 day moving average of $59.01. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.51 and a current ratio of 0.51. HDFC Bank Limited has a one year low of $52.16 and a one year high of $67.44.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $0.78 EPS for the quarter, topping the consensus estimate of $0.51 by $0.27. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. The company had revenue of $14.03 billion during the quarter, compared to analyst estimates of $4.81 billion. As a group, research analysts predict that HDFC Bank Limited will post 2.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HDB shares. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Thursday, June 13th.

HDFC Bank Company 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.