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

Baron Wealth Management LLC raised its holdings in HDFC Bank Limited (NYSE:HDB) by 63.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,097 shares of the bank’s stock after acquiring an additional 2,743 shares during the quarter. Baron Wealth Management LLC’s holdings in HDFC Bank were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ridgewood Investments LLC acquired a new stake in HDFC Bank in the 2nd quarter valued at about $36,000. Northwest Investment Counselors LLC purchased a new stake in HDFC Bank during the third quarter valued at about $38,000. JFS Wealth Advisors LLC lifted its stake in HDFC Bank by 70.2% during the third 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. GAMMA Investing LLC lifted its stake in HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock valued at $58,000 after buying an additional 324 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in HDFC Bank during the first quarter valued at about $56,000. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Price Performance

HDB stock opened at $62.32 on Tuesday. The firm has a 50-day moving average of $62.88 and a two-hundred day moving average of $61.03. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. 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. HDFC Bank Limited has a one year low of $52.16 and a one year high of $67.44.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The business 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, analysts forecast that HDFC Bank Limited will post 3.2 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on HDB. StockNews.com raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd.

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.