HDFC Bank Limited (NYSE:HDB) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,557 shares of the bank’s stock after acquiring an additional 2,536 shares during the quarter. Sanctuary Advisors LLC’s holdings in HDFC Bank were worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Glenmede Trust Co. NA raised its position in HDFC Bank by 3.6% in the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock valued at $301,000 after purchasing an additional 167 shares during the period. Commerce Bank lifted its position in HDFC Bank by 7.0% during the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after acquiring an additional 225 shares in the last quarter. UMB Bank n.a. boosted its holdings in HDFC Bank by 5.4% in the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock worth $311,000 after acquiring an additional 248 shares during the period. Pin Oak Investment Advisors Inc. grew its position in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC raised its stake in shares of HDFC Bank by 4.2% during the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock valued at $399,000 after purchasing an additional 257 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Down 1.7 %

Shares of NYSE HDB opened at $64.39 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50. The stock’s 50-day simple moving average is $64.38 and its 200-day simple moving average is $62.47. The firm has a market cap of $163.06 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.79 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $4.84 billion. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

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.