Jacobson & Schmitt Advisors LLC Purchases 7,388 Shares of HDFC Bank Limited (NYSE:HDB)

Jacobson & Schmitt Advisors LLC grew its position in shares of HDFC Bank Limited (NYSE:HDB) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,692 shares of the bank’s stock after buying an additional 7,388 shares during the period. HDFC Bank makes up 2.0% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 25th biggest position. Jacobson & Schmitt Advisors LLC’s holdings in HDFC Bank were worth $9,928,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of HDFC Bank by 38.1% during the 3rd quarter. US Bancorp DE now owns 139,865 shares of the bank’s stock worth $8,750,000 after purchasing an additional 38,571 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 275 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of HDFC Bank by 2.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 25,761 shares of the bank’s stock worth $1,612,000 after purchasing an additional 632 shares in the last quarter. abrdn plc grew its holdings in shares of HDFC Bank by 0.5% during the 3rd quarter. abrdn plc now owns 298,627 shares of the bank’s stock worth $18,682,000 after purchasing an additional 1,577 shares in the last quarter. Finally, Canoe Financial LP grew its holdings in shares of HDFC Bank by 3.2% during the 3rd quarter. Canoe Financial LP now owns 288,398 shares of the bank’s stock worth $18,558,000 after purchasing an additional 9,000 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HDB shares. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. JPMorgan Chase & Co. downgraded shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $63.04 on Friday. The firm has a market cap of $159.64 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.68 and a beta of 0.92. The firm’s fifty day moving average is $62.41 and its 200-day moving average is $60.56. 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 52 week low of $52.16 and a 52 week high of $67.44.

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.