HDFC Bank Limited (NYSE:HDB) Shares Purchased by Baron Wealth Management LLC

Baron Wealth Management LLC boosted its stake in HDFC Bank Limited (NYSE:HDB) by 63.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,097 shares of the bank’s stock after acquiring an additional 2,743 shares during the period. Baron Wealth Management LLC’s holdings in HDFC Bank were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HDB. Ridgewood Investments LLC acquired a new stake in shares of HDFC Bank during the second quarter worth $36,000. Northwest Investment Counselors LLC acquired a new stake in shares of HDFC Bank during the third quarter worth $38,000. JFS Wealth Advisors LLC raised its holdings in shares of HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after purchasing an additional 275 shares during the period. LRI Investments LLC acquired a new stake in shares of HDFC Bank during the first quarter worth $56,000. Finally, GAMMA Investing LLC raised its holdings in shares of HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after purchasing an additional 324 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HDB has been the subject of several recent research reports. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd. StockNews.com upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

HDFC Bank Stock Performance

Shares of HDB opened at $62.32 on Tuesday. The firm has a 50-day moving average price of $62.88 and a 200 day moving average price of $61.03. The firm has a market capitalization of $157.81 billion, a PE ratio of 18.94, a P/E/G ratio of 1.62 and a beta of 0.91. 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 Limited has a 52-week low of $52.16 and a 52-week high of $67.44.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, sell-side analysts anticipate that HDFC Bank Limited will post 3.2 earnings per share for the current fiscal 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.