Capital Insight Partners LLC Grows Stake in HDFC Bank Limited (NYSE:HDB)

Capital Insight Partners LLC increased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,695 shares of the bank’s stock after purchasing an additional 1,297 shares during the quarter. Capital Insight Partners LLC’s holdings in HDFC Bank were worth $3,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. lifted its position in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after buying an additional 254 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of HDFC Bank during the third quarter worth about $38,000. JFS Wealth Advisors LLC increased its position in shares of HDFC Bank by 70.2% during the third 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. RPg Family Wealth Advisory LLC purchased a new stake in shares of HDFC Bank in the 3rd quarter valued at about $65,000. Finally, GAMMA Investing LLC boosted its position in shares of HDFC Bank by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after purchasing an additional 312 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

HDFC Bank Stock Up 0.2 %

HDB opened at $60.62 on Friday. The business has a 50 day moving average price of $63.35 and a two-hundred day moving average price of $62.35. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $68.50. The company has a market cap of $153.51 billion, a PE ratio of 18.43, a P/E/G ratio of 1.64 and a beta of 0.92. The company has a quick ratio of 0.53, a current ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, research analysts anticipate that HDFC Bank Limited will post 3.09 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.