Kestra Private Wealth Services LLC Buys 11,255 Shares of HDFC Bank Limited (NYSE:HDB)

Kestra Private Wealth Services LLC lifted its position in HDFC Bank Limited (NYSE:HDB) by 13.1% during the 4th quarter, Holdings Channel reports. The firm owned 97,086 shares of the bank’s stock after buying an additional 11,255 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in HDFC Bank were worth $6,200,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HDB. Cetera Investment Advisers grew its stake in HDFC Bank by 2.4% during the second quarter. Cetera Investment Advisers now owns 14,979 shares of the bank’s stock worth $964,000 after buying an additional 358 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of HDFC Bank by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock worth $76,000 after acquiring an additional 312 shares in the last quarter. CWM LLC grew its position in HDFC Bank by 2,567.2% during the 3rd quarter. CWM LLC now owns 3,094 shares of the bank’s stock worth $194,000 after acquiring an additional 2,978 shares during the last quarter. UMB Bank n.a. raised its position in HDFC Bank by 10.5% in the 3rd quarter. UMB Bank n.a. now owns 5,340 shares of the bank’s stock valued at $334,000 after purchasing an additional 509 shares during the last quarter. Finally, First Affirmative Financial Network boosted its stake in HDFC Bank by 14.7% in the third quarter. First Affirmative Financial Network now owns 3,628 shares of the bank’s stock worth $227,000 after purchasing an additional 466 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HDB. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

HDFC Bank Price Performance

Shares of HDB stock opened at $61.22 on Monday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50. The firm has a market cap of $155.03 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.70 and a beta of 0.91. The stock has a 50-day moving average price of $62.76 and a 200 day moving average price of $62.39.

HDFC Bank (NYSE:HDB) last issued 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 net margin of 14.64% and a return on equity of 12.19%. Research analysts expect that HDFC Bank Limited will post 3.09 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.