Waverton Investment Management Ltd Has $1.28 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Waverton Investment Management Ltd increased its holdings in HDFC Bank Limited (NYSE:HDB) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,963 shares of the bank’s stock after purchasing an additional 203 shares during the period. Waverton Investment Management Ltd’s holdings in HDFC Bank were worth $1,275,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. boosted its stake 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 acquiring an additional 254 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 275 shares during the last quarter. Sierra Ocean LLC bought a new stake in HDFC Bank during the fourth quarter worth approximately $42,000. Kestra Investment Management LLC acquired a new position in HDFC Bank during the fourth quarter valued at approximately $60,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of HDFC Bank in the third quarter valued at approximately $65,000. 17.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HDB has been the subject of several recent analyst reports. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Down 0.2 %

Shares of HDB stock opened at $59.46 on Monday. HDFC Bank Limited has a 12 month low of $53.00 and a 12 month high of $68.50. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a market cap of $150.56 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 2.12 and a beta of 0.91. The stock has a 50 day moving average of $61.36 and a 200-day moving average of $62.45.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping 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, equities analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

About HDFC Bank

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.