HDFC Bank Limited (NYSE:HDB) Shares Bought by PDS Planning Inc

PDS Planning Inc increased its position in HDFC Bank Limited (NYSE:HDB) by 24.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,528 shares of the bank’s stock after purchasing an additional 3,041 shares during the quarter. PDS Planning Inc’s holdings in HDFC Bank were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in HDFC Bank by 6.8% in the first quarter. GAMMA Investing LLC now owns 2,391 shares of the bank’s stock valued at $159,000 after purchasing an additional 153 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock valued at $39,000 after acquiring an additional 240 shares in the last quarter. Level Four Advisory Services LLC raised its stake in HDFC Bank by 3.6% during the fourth quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank’s stock valued at $438,000 after buying an additional 241 shares in the last quarter. Portside Wealth Group LLC raised its position in shares of HDFC Bank by 2.7% during the 1st quarter. Portside Wealth Group LLC now owns 9,014 shares of the bank’s stock valued at $599,000 after acquiring an additional 241 shares in the last quarter. Finally, Norden Group LLC increased its stake in HDFC Bank by 6.0% during the fourth quarter. Norden Group LLC now owns 4,691 shares of the bank’s stock valued at $300,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th.

HDFC Bank Stock Performance

Shares of NYSE HDB opened at $75.96 on Thursday. HDFC Bank Limited has a 12-month low of $57.24 and a 12-month high of $77.76. The stock has a 50 day simple moving average of $73.80 and a 200-day simple moving average of $66.43. The company has a current ratio of 0.07, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a market cap of $192.35 billion, a PE ratio of 23.02, a P/E/G ratio of 1.79 and a beta of 0.64.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. The firm had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. On average, equities research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

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.