Advisor OS LLC Raises Stock Position in HDFC Bank Limited (NYSE:HDB)

Advisor OS LLC grew its holdings in HDFC Bank Limited (NYSE:HDB) by 16.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,315 shares of the bank’s stock after buying an additional 891 shares during the period. Advisor OS LLC’s holdings in HDFC Bank were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HDB. Private Advisor Group LLC grew its stake in shares of HDFC Bank by 22.8% in the 3rd quarter. Private Advisor Group LLC now owns 9,550 shares of the bank’s stock worth $597,000 after buying an additional 1,773 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of HDFC Bank by 44.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,514 shares of the bank’s stock worth $282,000 after buying an additional 1,398 shares in the last quarter. abrdn plc lifted its holdings in shares of HDFC Bank by 0.5% in the 3rd quarter. abrdn plc now owns 298,627 shares of the bank’s stock worth $18,682,000 after acquiring an additional 1,577 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of HDFC Bank by 2.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 25,761 shares of the bank’s stock worth $1,612,000 after acquiring an additional 632 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after acquiring an additional 275 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HDB. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

HDFC Bank Trading Up 0.7 %

Shares of HDB opened at $60.42 on Friday. HDFC Bank Limited has a 1-year low of $53.00 and a 1-year high of $68.50. The company has a 50-day moving average of $60.94 and a 200 day moving average of $62.41. The firm has a market capitalization of $152.99 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.12 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank 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.