3,092 Shares in HDFC Bank Limited (NYSE:HDB) Acquired by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC bought a new stake in shares of HDFC Bank Limited (NYSE:HDB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,092 shares of the bank’s stock, valued at approximately $205,000.

Other institutional investors also recently bought and sold shares of the company. GQG Partners LLC increased 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 grew its stake 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 during the last quarter. FIL Ltd increased its position in HDFC Bank by 17.5% during 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 in the last quarter. Royal Bank of Canada raised its stake in HDFC Bank by 43.0% in the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank’s stock valued at $466,629,000 after buying an additional 2,196,315 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in HDFC Bank by 3,535.1% in 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 in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Trading Up 0.7%

NYSE HDB opened at $74.49 on Friday. HDFC Bank Limited has a 12-month low of $57.24 and a 12-month high of $77.76. The company has a fifty day simple moving average of $73.25 and a two-hundred day simple moving average of $66.21. The company has a current ratio of 0.07, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a market cap of $188.62 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.77 and a beta of 0.64.

HDFC Bank (NYSE:HDB) last released its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. The firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. On average, analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analysts Set New Price Targets

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

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.