HDFC Bank Limited (NYSE:HDB) Shares Bought by LRI Investments LLC

LRI Investments LLC grew its position in HDFC Bank Limited (NYSE:HDB) by 124.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,243 shares of the bank’s stock after buying an additional 1,243 shares during the quarter. LRI Investments LLC’s holdings in HDFC Bank were worth $144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HDB. Breakout Capital Partners LP purchased a new stake in shares of HDFC Bank during the fourth quarter worth $18,894,000. CIBC Private Wealth Group LLC raised its position in HDFC Bank by 2.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 929,921 shares of the bank’s stock valued at $62,407,000 after purchasing an additional 21,265 shares in the last quarter. Truist Financial Corp raised its position in HDFC Bank by 17.7% in the 4th quarter. Truist Financial Corp now owns 39,606 shares of the bank’s stock valued at $2,658,000 after purchasing an additional 5,953 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of HDFC Bank in the 2nd quarter valued at about $166,709,000. Finally, Sei Investments Co. grew its position in shares of HDFC Bank by 0.8% during the fourth quarter. Sei Investments Co. now owns 1,661,176 shares of the bank’s stock worth $111,481,000 after buying an additional 13,610 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.5 %

Shares of NYSE HDB traded up $0.92 during midday trading on Friday, hitting $60.93. 2,447,869 shares of the company’s stock were exchanged, compared to its average volume of 3,166,232. The firm’s fifty day simple moving average is $61.31 and its 200-day simple moving average is $58.18. The company has a market cap of $113.32 billion, a PE ratio of 18.69, a P/E/G ratio of 1.66 and a beta of 0.92. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $67.44. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. The company had revenue of $14.03 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Research analysts predict that HDFC Bank Limited will post 2.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HDB has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th.

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.