OneDigital Investment Advisors LLC Boosts Stock Position in HDFC Bank Limited (NYSE:HDB)

OneDigital Investment Advisors LLC boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 32.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,793 shares of the bank’s stock after purchasing an additional 3,353 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in HDFC Bank were worth $863,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in HDFC Bank by 10.9% during the first quarter. Vanguard Group Inc. now owns 122,023 shares of the bank’s stock valued at $6,830,000 after purchasing an additional 12,037 shares during the period. Advisors Asset Management Inc. raised its holdings in HDFC Bank by 34.5% during the 1st quarter. Advisors Asset Management Inc. now owns 24,400 shares of the bank’s stock valued at $1,366,000 after buying an additional 6,261 shares during the period. Stamos Capital Partners L.P. lifted its position in HDFC Bank by 192.7% in the first quarter. Stamos Capital Partners L.P. now owns 22,190 shares of the bank’s stock worth $1,242,000 after buying an additional 14,610 shares during the last quarter. Toronto Dominion Bank boosted its stake in HDFC Bank by 10.8% during the first quarter. Toronto Dominion Bank now owns 3,328 shares of the bank’s stock worth $186,000 after buying an additional 325 shares during the period. Finally, Capital World Investors increased its position in HDFC Bank by 208.6% during the first quarter. Capital World Investors now owns 4,124,751 shares of the bank’s stock valued at $230,862,000 after acquiring an additional 2,788,197 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 1.4 %

Shares of NYSE HDB opened at $63.17 on Wednesday. The business’s 50 day moving average price is $62.92 and its 200-day moving average price is $61.06. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $67.44. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of $159.97 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.62 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last issued its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, sell-side analysts expect that HDFC Bank Limited will post 3.2 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, November 8th.

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.