PDS Planning Inc Makes New Investment in HDFC Bank Limited (NYSE:HDB)

PDS Planning Inc bought a new stake in HDFC Bank Limited (NYSE:HDB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,097 shares of the bank’s stock, valued at approximately $569,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HDB. Robeco Institutional Asset Management B.V. increased its position in HDFC Bank by 143.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,240,388 shares of the bank’s stock worth $77,599,000 after purchasing an additional 731,388 shares during the period. BSW Wealth Partners grew its holdings in HDFC Bank by 61.2% during the third quarter. BSW Wealth Partners now owns 7,731 shares of the bank’s stock worth $484,000 after acquiring an additional 2,934 shares during the period. Coronation Fund Managers Ltd. raised its position in HDFC Bank by 2.2% in the third quarter. Coronation Fund Managers Ltd. now owns 217,838 shares of the bank’s stock worth $13,628,000 after acquiring an additional 4,778 shares in the last quarter. Jacobson & Schmitt Advisors LLC lifted its holdings in HDFC Bank by 4.9% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 158,692 shares of the bank’s stock valued at $9,928,000 after acquiring an additional 7,388 shares during the period. Finally, US Bancorp DE boosted its position in shares of HDFC Bank by 38.1% during the 3rd quarter. US Bancorp DE now owns 139,865 shares of the bank’s stock worth $8,750,000 after purchasing an additional 38,571 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HDB shares. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. JPMorgan Chase & Co. downgraded HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $62.51 on Tuesday. The company’s 50-day moving average price is $62.48 and its 200 day moving average price is $60.70. The stock has a market cap of $158.29 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 1.66 and a beta of 0.91. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $67.44. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

About HDFC Bank

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.