Naviter Wealth LLC Boosts Holdings in HDFC Bank Limited (NYSE:HDB)

Naviter Wealth LLC grew its stake in HDFC Bank Limited (NYSE:HDB) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,685 shares of the bank’s stock after purchasing an additional 2,162 shares during the quarter. Naviter Wealth LLC’s holdings in HDFC Bank were worth $1,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HDB. Skandinaviska Enskilda Banken AB publ acquired a new position in HDFC Bank during the third quarter worth about $27,000. NBC Securities Inc. purchased a new position in HDFC Bank in the 3rd quarter worth approximately $29,000. GAMMA Investing LLC acquired a new position in shares of HDFC Bank during the 4th quarter worth approximately $33,000. FinTrust Capital Advisors LLC grew its position in shares of HDFC Bank by 36.4% in the third quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after purchasing an additional 185 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of HDFC Bank by 89.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 615 shares of the bank’s stock valued at $41,000 after purchasing an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

HDFC Bank stock opened at $57.44 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. The company has a 50-day moving average price of $56.28 and a 200 day moving average price of $58.56. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $71.39. The stock has a market cap of $106.83 billion, a P/E ratio of 17.89, a PEG ratio of 1.09 and a beta of 0.87.

Analyst Ratings Changes

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd.

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.