XTX Topco Ltd purchased a new position in shares of HDFC Bank Limited (NYSE:HDB – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,737 shares of the bank’s stock, valued at approximately $649,000.
A number of other hedge funds have also made changes to their positions in HDB. Blair William & Co. IL raised its stake in shares of HDFC Bank by 1.4% during the first quarter. Blair William & Co. IL now owns 13,948 shares of the bank’s stock valued at $930,000 after purchasing an additional 198 shares in the last quarter. Creative Planning raised its position in HDFC Bank by 1.5% in the fourth quarter. Creative Planning now owns 13,825 shares of the bank’s stock worth $946,000 after acquiring an additional 210 shares in the last quarter. Avantax Advisory Services Inc. raised its position in HDFC Bank by 2.9% in the first quarter. Avantax Advisory Services Inc. now owns 8,070 shares of the bank’s stock worth $538,000 after acquiring an additional 228 shares in the last quarter. KB Financial Partners LLC increased its stake in HDFC Bank by 7.6% in the 1st quarter. KB Financial Partners LLC now owns 3,290 shares of the bank’s stock worth $202,000 after purchasing an additional 232 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in HDFC Bank by 2.1% in the 1st quarter. First Trust Direct Indexing L.P. now owns 11,946 shares of the bank’s stock worth $796,000 after purchasing an additional 245 shares in the last quarter. Institutional investors and hedge funds own 17.24% of the company’s stock.
Analyst Ratings Changes
Several research firms have weighed in on HDB. Jefferies Financial Group began coverage on HDFC Bank in a research note on Monday, July 17th. They set a “buy” rating on the stock. The Goldman Sachs Group began coverage on HDFC Bank in a research note on Tuesday, June 20th. They issued a “buy” rating for the company. Finally, StockNews.com started coverage on HDFC Bank in a research note on Thursday, August 17th. They issued a “hold” rating for the company.
HDFC Bank Stock Up 1.9 %
Shares of HDB stock opened at $64.36 on Monday. HDFC Bank Limited has a 12 month low of $55.22 and a 12 month high of $71.76. The firm has a market cap of $119.70 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.43 and a beta of 0.77. The stock has a 50 day moving average of $66.26 and a 200-day moving average of $66.63. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.87.
HDFC Bank (NYSE:HDB – Get Free Report) last issued its earnings results on Monday, July 17th. The bank reported $0.80 EPS for the quarter. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $3.93 billion. HDFC Bank had a return on equity of 17.31% and a net margin of 22.03%. On average, equities analysts predict that HDFC Bank Limited will post 2.86 EPS for the current year.
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.
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