Catalytic Wealth RIA LLC Invests $216,000 in HDFC Bank Limited (NYSE:HDB)

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

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new position in HDFC Bank during the 2nd quarter worth approximately $36,000. Northwest Investment Counselors LLC acquired a new position in shares of HDFC Bank during the 3rd quarter worth approximately $38,000. JFS Wealth Advisors LLC lifted its position in shares of HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after buying an additional 275 shares in the last quarter. LRI Investments LLC acquired a new stake in HDFC Bank in the 1st quarter valued at $56,000. Finally, 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. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 0.7 %

Shares of HDB opened at $64.52 on Tuesday. The stock has a 50 day moving average price of $62.73 and a 200 day moving average price of $60.86. HDFC Bank Limited has a one year low of $52.16 and a one year high of $67.44. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $163.38 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.68 and a beta of 0.91.

Wall Street Analysts Forecast Growth

HDB has been the topic of several recent analyst reports. JPMorgan Chase & Co. downgraded shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd. StockNews.com raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday.

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.