3,224 Shares in HDFC Bank Limited (NYSE:HDB) Bought by Portside Wealth Group LLC

Portside Wealth Group LLC purchased a new position in shares of HDFC Bank Limited (NYSE:HDBFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,224 shares of the bank’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in HDFC Bank by 13.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,019 shares of the bank’s stock worth $404,000 after buying an additional 713 shares in the last quarter. Raymond James & Associates raised its position in HDFC Bank by 0.4% during the fourth quarter. Raymond James & Associates now owns 539,821 shares of the bank’s stock worth $36,227,000 after acquiring an additional 2,286 shares during the period. Financiere des Professionnels Fonds d investissement inc. raised its position in HDFC Bank by 0.8% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 136,349 shares of the bank’s stock worth $9,150,000 after acquiring an additional 1,117 shares during the period. Aikya Investment Management Ltd acquired a new position in HDFC Bank during the fourth quarter worth $77,036,000. Finally, Whittier Trust Co. raised its position in HDFC Bank by 10.9% during the fourth quarter. Whittier Trust Co. now owns 11,305 shares of the bank’s stock worth $759,000 after acquiring an additional 1,107 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Performance

NYSE:HDB opened at $54.53 on Wednesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.52. The company has a fifty day moving average of $55.11 and a two-hundred day moving average of $59.12. The stock has a market capitalization of $101.42 billion, a PE ratio of 16.83, a P/E/G ratio of 1.40 and a beta of 0.87. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $71.39.

HDFC Bank (NYSE:HDBGet Free Report) last posted its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $5.67 billion. HDFC Bank had a net margin of 17.34% and a return on equity of 15.98%. As a group, research analysts forecast that HDFC Bank Limited will post 2.72 earnings per share for the current fiscal 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.

See Also

Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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