Raymond James Trust N.A. Buys 458 Shares of HDFC Bank Limited (NYSE:HDB)

Raymond James Trust N.A. increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,771 shares of the bank’s stock after buying an additional 458 shares during the quarter. Raymond James Trust N.A.’s holdings in HDFC Bank were worth $486,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Manning & Napier Advisors LLC acquired a new position in HDFC Bank during the second quarter worth $166,709,000. PineStone Asset Management Inc. increased its position in shares of HDFC Bank by 115.1% during the 2nd quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank’s stock worth $287,488,000 after purchasing an additional 2,391,343 shares in the last quarter. TPG GP A LLC acquired a new stake in shares of HDFC Bank during the 2nd quarter worth about $95,637,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in HDFC Bank by 130.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank’s stock valued at $140,593,000 after purchasing an additional 1,236,100 shares during the last quarter. Finally, Eminence Capital LP acquired a new position in HDFC Bank in the second quarter valued at about $68,340,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of HDB stock opened at $66.65 on Wednesday. The stock’s fifty day moving average is $63.18 and its 200-day moving average is $61.37. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $67.44. The stock has a market capitalization of $168.78 billion, a PE ratio of 20.26, a PEG ratio of 1.71 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Equities research analysts expect that HDFC Bank Limited will post 3.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.