Raymond James & Associates Purchases 2,286 Shares of HDFC Bank Limited (NYSE:HDB)

Raymond James & Associates raised its stake in shares of HDFC Bank Limited (NYSE:HDBFree Report) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 539,821 shares of the bank’s stock after purchasing an additional 2,286 shares during the quarter. Raymond James & Associates’ holdings in HDFC Bank were worth $36,227,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brown Shipley& Co Ltd increased its position in HDFC Bank by 1,274.4% during the 2nd quarter. Brown Shipley& Co Ltd now owns 4,783 shares of the bank’s stock valued at $26,000 after purchasing an additional 4,435 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new position in HDFC Bank during the 3rd quarter valued at $27,000. NBC Securities Inc. purchased a new position in HDFC Bank during the 3rd quarter valued at $29,000. Resurgent Financial Advisors LLC purchased a new position in HDFC Bank during the 4th quarter valued at $40,000. Finally, FinTrust Capital Advisors LLC increased its position in HDFC Bank by 36.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after purchasing an additional 185 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 0.6 %

Shares of HDFC Bank stock opened at $55.97 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. The company’s fifty day simple moving average is $54.97 and its two-hundred day simple moving average is $59.01. The company has a market cap of $104.10 billion, a P/E ratio of 17.27, a PEG ratio of 1.44 and a beta of 0.87. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $71.39.

HDFC Bank (NYSE:HDBGet Free Report) last released its earnings results 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 firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $5.67 billion. HDFC Bank had a net margin of 17.34% and a return on equity of 15.98%. Research analysts anticipate that HDFC Bank Limited will post 2.72 EPS for the current year.

HDFC Bank Company 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.

Featured Articles

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

Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter.