3 days Ago By ABMN Staff
DekaBank Deutsche Girozentrale lowered its stake in HDFC Bank Limited ( NYSE:HDB – Free Report ) by 5.5% in the second quarter, Holdings Channel.com reports.
The institutional investor owned 304,787 shares of the bank’s stock after selling 17,605 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in HDFC Bank were worth $20,090,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently made changes to their positions in HDB.
Private Advisor Group LLC increased its stake in shares of HDFC Bank by 2.3% in the fourth quarter. Private Advisor Group LLC now owns 9,853 shares of the bank’s stock worth $661,000 after purchasing an additional 218 shares during the period.
Principal Securities Inc. bought a new position in shares of HDFC Bank in the fourth quarter worth about $82,000. Avantax Advisory Services Inc.
increased its stake in shares of HDFC Bank by 10.2% in the fourth quarter. Avantax Advisory Services Inc.
now owns 13,983 shares of the bank’s stock worth $938,000 after purchasing an additional 1,300 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of HDFC Bank by 5.4% in the fourth quarter.
Janney Montgomery Scott LLC now owns 12,247 shares of the bank’s stock worth $822,000 after purchasing an additional 625 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of HDFC Bank by 45.1% in the fourth quarter.
Quadrant Capital Group LLC now owns 1,560 shares of the bank’s stock worth $105,000 after purchasing an additional 485 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.
Analyst Upgrades and Downgrades A number of equities analysts have recently commented on HDB shares. JPMorgan Chase & Co. lowered HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd.
StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th. HDFC Bank Stock Performance HDB opened at $62.
60 on Monday. The stock has a market cap of $158.52 billion, a PE ratio of 19.
20, a P/E/G ratio of 1.63 and a beta of 0.92.
The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.
37. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.
44. The stock’s 50 day simple moving average is $60.48 and its 200-day simple moving average is $59.
01. HDFC Bank ( NYSE:HDB – Get Free Report ) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.
78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.27.
The business had revenue of $14.03 billion for the quarter, compared to analysts’ expectations of $4.81 billion.
HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%.
Sell-side analysts forecast that HDFC Bank Limited will post 2.97 EPS for the current year. HDFC Bank Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for HDFC Bank Limited ( NYSE:HDB – Free Report ). Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter .
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