HDFC Bank Limited (NYSE:HDB) Shares Acquired by CogentBlue Wealth Advisors LLC

CogentBlue Wealth Advisors LLC increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 88.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,898 shares of the bank’s stock after acquiring an additional 3,239 shares during the period. CogentBlue Wealth Advisors LLC’s holdings in HDFC Bank were worth $458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GQG Partners LLC lifted its position in shares of HDFC Bank by 74.4% during the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock worth $503,431,000 after purchasing an additional 3,364,114 shares in the last quarter. Schroder Investment Management Group lifted its holdings in HDFC Bank by 82.1% during the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock worth $447,584,000 after buying an additional 3,160,533 shares in the last quarter. FIL Ltd boosted its position in HDFC Bank by 17.5% in the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank’s stock valued at $1,115,451,000 after buying an additional 2,599,337 shares during the period. Royal Bank of Canada grew its stake in shares of HDFC Bank by 43.0% in the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank’s stock worth $466,629,000 after acquiring an additional 2,196,315 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of HDFC Bank by 3,535.1% during the fourth quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank’s stock worth $122,718,000 after acquiring an additional 1,868,804 shares during the period. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $73.82 on Friday. The business has a 50-day simple moving average of $72.50 and a 200-day simple moving average of $66.00. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. HDFC Bank Limited has a one year low of $57.24 and a one year high of $77.76. The company has a market cap of $186.92 billion, a PE ratio of 22.44, a P/E/G ratio of 2.12 and a beta of 0.64.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $434.68 billion. On average, equities research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.