Hilltop Holdings Inc. Takes $222,000 Position in HDFC Bank Limited (NYSE:HDB)

Hilltop Holdings Inc. purchased a new stake in HDFC Bank Limited (NYSE:HDB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,557 shares of the bank’s stock, valued at approximately $222,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of HDFC Bank by 10.9% in the first quarter. Vanguard Group Inc. now owns 122,023 shares of the bank’s stock valued at $6,830,000 after buying an additional 12,037 shares in the last quarter. Cetera Advisors LLC acquired a new stake in HDFC Bank in the 1st quarter valued at $444,000. GAMMA Investing LLC increased its holdings in HDFC Bank by 56.0% in the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after acquiring an additional 324 shares in the last quarter. QRG Capital Management Inc. raised its position in HDFC Bank by 8.5% during the second quarter. QRG Capital Management Inc. now owns 29,395 shares of the bank’s stock worth $1,891,000 after acquiring an additional 2,301 shares during the period. Finally, MJP Associates Inc. ADV purchased a new position in HDFC Bank during the second quarter valued at $246,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Stock Performance

NYSE HDB opened at $67.31 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The stock’s 50 day simple moving average is $63.48 and its 200-day simple moving average is $61.95. The company has a market cap of $170.45 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $68.41.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. As a group, equities research analysts anticipate that HDFC Bank Limited will post 3.15 EPS for the current fiscal 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.