HDFC Bank Limited (NYSE:HDB) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 20.9% in the 4th quarter, HoldingsChannel reports. The fund owned 7,668 shares of the bank’s stock after buying an additional 1,324 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in HDFC Bank were worth $490,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Glenmede Trust Co. NA lifted its stake in HDFC Bank by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after purchasing an additional 167 shares during the last quarter. Commerce Bank lifted its position in shares of HDFC Bank by 7.0% during the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after buying an additional 225 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares in the last quarter. Mount Yale Investment Advisors LLC grew its position in shares of HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock valued at $399,000 after buying an additional 257 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its position 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 valued at $42,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Down 0.4 %

HDB opened at $58.39 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $68.50. The business’s 50 day moving average is $64.02 and its two-hundred day moving average is $62.54. The firm has a market cap of $147.87 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.67 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. The business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, research analysts predict that HDFC Bank Limited will post 3.13 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

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.