HDFC Bank Limited (NYSE:HDB) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC boosted its stake in HDFC Bank Limited (NYSE:HDB) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,676 shares of the bank’s stock after buying an additional 3,441 shares during the period. Ballentine Partners LLC’s holdings in HDFC Bank were worth $1,704,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. increased its position in HDFC Bank by 104.1% in the third 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 period. Northwest Investment Counselors LLC acquired a new position in shares of HDFC Bank during the third quarter valued at $38,000. JFS Wealth Advisors LLC increased its holdings 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 valued at $42,000 after purchasing an additional 275 shares during the period. RPg Family Wealth Advisory LLC acquired a new position in shares of HDFC Bank during the third quarter valued at $65,000. Finally, GAMMA Investing LLC increased its holdings in shares of HDFC Bank by 34.6% during the third 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

HDFC Bank Price Performance

Shares of HDB opened at $58.90 on Wednesday. The firm has a market capitalization of $149.16 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.66 and a beta of 0.92. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a one year low of $52.16 and a one year high of $68.50. The stock’s fifty day moving average is $63.90 and its 200-day moving average is $62.45.

HDFC Bank (NYSE:HDB) last issued its quarterly 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 company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. Equities analysts anticipate that HDFC Bank Limited will post 3.13 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.