Cetera Investment Advisers Acquires 324 Shares of HDFC Bank Limited (NYSE:HDB)

Cetera Investment Advisers boosted its position in HDFC Bank Limited (NYSE:HDB) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,052 shares of the bank’s stock after buying an additional 324 shares during the period. Cetera Investment Advisers’ holdings in HDFC Bank were worth $1,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in HDFC Bank in the fourth quarter valued at $29,000. Graney & King LLC acquired a new position in shares of HDFC Bank during the fourth quarter valued at about $38,000. Brown Brothers Harriman & Co. raised its holdings in shares of HDFC Bank by 63.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock valued at $39,000 after purchasing an additional 240 shares during the period. Sierra Ocean LLC acquired a new position in shares of HDFC Bank during the fourth quarter valued at about $42,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of HDFC Bank during the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $73.97 on Friday. The firm’s 50-day moving average price is $69.49 and its 200-day moving average price is $64.80. HDFC Bank Limited has a 1-year low of $55.00 and a 1-year high of $75.37. The firm has a market capitalization of $187.31 billion, a P/E ratio of 22.48, a P/E/G ratio of 2.12 and a beta of 0.63. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Equities research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th.

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.