Physician Wealth Advisors Inc. Makes New Investment in HDFC Bank Limited (NYSE:HDB)

Physician Wealth Advisors Inc. purchased a new stake in shares of HDFC Bank Limited (NYSE:HDB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,213 shares of the bank’s stock, valued at approximately $77,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HDB. Whipplewood Advisors LLC bought a new stake in shares of HDFC Bank in the 4th quarter valued at about $29,000. Graney & King LLC acquired a new stake in shares of HDFC Bank during the fourth quarter worth $38,000. Brown Brothers Harriman & Co. increased its holdings in shares of HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock valued at $39,000 after purchasing an additional 240 shares during the period. Sierra Ocean LLC purchased a new position in HDFC Bank during the 4th quarter worth approximately $42,000. Finally, Kestra Investment Management LLC acquired a new position in HDFC Bank during the fourth quarter valued at $60,000. 17.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HDB has been the subject of a number of analyst reports. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

HDFC Bank Stock Down 1.1 %

Shares of NYSE:HDB opened at $66.15 on Monday. The business has a 50-day moving average price of $61.01 and a 200 day moving average price of $62.67. The company has a market capitalization of $167.50 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS 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%. Sell-side analysts expect that HDFC Bank Limited will post 3.03 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.