TD Private Client Wealth LLC Has $341,000 Stock Position in HDFC Bank Limited (NYSE:HDB)

TD Private Client Wealth LLC grew its stake in HDFC Bank Limited (NYSE:HDB) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,337 shares of the bank’s stock after purchasing an additional 428 shares during the period. TD Private Client Wealth LLC’s holdings in HDFC Bank were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new position in HDFC Bank during the fourth quarter worth $29,000. Pin Oak Investment Advisors Inc. increased its position in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after purchasing an additional 254 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank during the 4th quarter worth about $42,000. Kestra Investment Management LLC acquired a new position in HDFC Bank in the fourth quarter valued at about $60,000. Finally, JFS Wealth Advisors LLC boosted its position in HDFC Bank by 52.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock valued at $65,000 after buying an additional 351 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Price Performance

HDB opened at $65.81 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $166.66 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company’s 50 day simple moving average is $60.41 and its 200-day simple moving average is $62.52. HDFC Bank Limited has a one year low of $54.07 and a one year high of $68.50.

HDFC Bank (NYSE:HDB) last released its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Sell-side analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

HDFC Bank Company 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.