Endowment Wealth Management Inc. Grows Position in HDFC Bank Limited (NYSE:HDB)

Endowment Wealth Management Inc. grew its position in HDFC Bank Limited (NYSE:HDB) by 30.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,913 shares of the bank’s stock after acquiring an additional 1,377 shares during the quarter. Endowment Wealth Management Inc.’s holdings in HDFC Bank were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Wealthstream Advisors Inc. bought a new stake in HDFC Bank in the third quarter worth $245,000. Firetrail Investments PTY Ltd. grew its stake in shares of HDFC Bank by 0.7% in the 3rd quarter. Firetrail Investments PTY Ltd. now owns 147,179 shares of the bank’s stock worth $9,198,000 after buying an additional 1,003 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of HDFC Bank by 28.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 250,248 shares of the bank’s stock worth $15,656,000 after buying an additional 54,994 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of HDFC Bank by 1.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 25,576 shares of the bank’s stock valued at $1,600,000 after buying an additional 308 shares in the last quarter. Finally, Catalytic Wealth RIA LLC bought a new position in shares of HDFC Bank in the 3rd quarter valued at about $216,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

HDB stock opened at $61.38 on Thursday. The stock has a market cap of $155.43 billion, a PE ratio of 18.66, a P/E/G ratio of 1.63 and a beta of 0.91. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.44. The company has a 50-day moving average price of $62.81 and a 200 day moving average price of $60.93. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. Equities research analysts anticipate that HDFC Bank Limited will post 3.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HDB has been the topic of a number of recent research reports. StockNews.com upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. downgraded HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd.

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.