243,772 Shares in HDFC Bank Limited (NYSE:HDB) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of HDFC Bank Limited (NYSE:HDB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 243,772 shares of the bank’s stock, valued at approximately $15,250,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC purchased a new position in HDFC Bank during the 2nd quarter worth $36,000. Northwest Investment Counselors LLC purchased a new position in HDFC Bank during the 3rd quarter worth $38,000. JFS Wealth Advisors LLC grew its stake in HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares during the last quarter. GAMMA Investing LLC grew its stake in HDFC Bank by 56.0% during the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after buying an additional 324 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in HDFC Bank during the 1st quarter worth $56,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on HDB. JPMorgan Chase & Co. downgraded HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd. StockNews.com raised HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

HDFC Bank Stock Performance

Shares of HDB opened at $62.32 on Tuesday. The stock has a 50-day moving average of $62.88 and a two-hundred day moving average of $61.03. HDFC Bank Limited has a one year low of $52.16 and a one year high of $67.44. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $157.81 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.62 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The company had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. As a group, research analysts predict that HDFC Bank Limited will post 3.2 EPS for the current year.

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.