Private Advisor Group LLC Purchases 1,773 Shares of HDFC Bank Limited (NYSE:HDB)

Private Advisor Group LLC increased its position in HDFC Bank Limited (NYSE:HDB) by 22.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,550 shares of the bank’s stock after purchasing an additional 1,773 shares during the period. Private Advisor Group LLC’s holdings in HDFC Bank were worth $597,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Ridgewood Investments LLC acquired a new position in shares of HDFC Bank during the second quarter valued at about $36,000. Northwest Investment Counselors LLC acquired a new position in HDFC Bank during the 3rd quarter valued at about $38,000. LRI Investments LLC bought a new stake in HDFC Bank during the 1st quarter worth approximately $56,000. GAMMA Investing LLC raised its stake in shares of HDFC Bank by 56.0% in 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 last quarter. Finally, Boit C F David bought a new position in shares of HDFC Bank in the second quarter valued at approximately $100,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HDB has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th.

HDFC Bank Stock Up 0.3 %

Shares of NYSE:HDB opened at $63.20 on Monday. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.44. The company has a market capitalization of $160.04 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.65 and a beta of 0.91. The business has a fifty day moving average price of $62.46 and a two-hundred day moving average price of $60.66. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53.

HDFC Bank 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.