Catalytic Wealth RIA LLC Acquires Shares of 3,447 HDFC Bank Limited (NYSE:HDB)

Catalytic Wealth RIA LLC purchased a new position in HDFC Bank Limited (NYSE:HDB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,447 shares of the bank’s stock, valued at approximately $216,000.

Several other hedge funds have also recently made changes to their positions in HDB. Envestnet Portfolio Solutions Inc. raised its position in HDFC Bank by 29.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 28,903 shares of the bank’s stock valued at $1,618,000 after purchasing an additional 6,499 shares during the period. QRG Capital Management Inc. raised its holdings in HDFC Bank by 2.7% during the 1st quarter. QRG Capital Management Inc. now owns 27,094 shares of the bank’s stock valued at $1,516,000 after buying an additional 706 shares during the period. Avantax Advisory Services Inc. lifted its position in HDFC Bank by 27.2% in the first quarter. Avantax Advisory Services Inc. now owns 17,787 shares of the bank’s stock worth $996,000 after buying an additional 3,804 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in HDFC Bank by 34.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 187,917 shares of the bank’s stock worth $10,518,000 after buying an additional 47,676 shares during the period. Finally, Jacobson & Schmitt Advisors LLC increased its position in HDFC Bank by 15.0% during the first quarter. Jacobson & Schmitt Advisors LLC now owns 141,371 shares of the bank’s stock valued at $7,913,000 after acquiring an additional 18,400 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HDB shares. StockNews.com raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. lowered HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $64.52 on Tuesday. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $67.44. The company has a market capitalization of $163.38 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91. The stock’s fifty day moving average is $62.73 and its two-hundred day moving average is $60.86. 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 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.