HDFC Bank Limited (NYSE:HDB) Position Raised by Altfest L J & Co. Inc.

Altfest L J & Co. Inc. increased its position in HDFC Bank Limited (NYSE:HDB) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,661 shares of the bank’s stock after buying an additional 2,974 shares during the quarter. Altfest L J & Co. Inc.’s holdings in HDFC Bank were worth $1,118,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Cetera Investment Advisers lifted its stake in HDFC Bank by 3.1% in the 2nd quarter. Cetera Investment Advisers now owns 5,908 shares of the bank’s stock worth $412,000 after acquiring an additional 179 shares in the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of HDFC Bank by 36.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock worth $41,000 after purchasing an additional 185 shares in the last quarter. Foster Victor Wealth Advisors LLC raised its stake in shares of HDFC Bank by 5.9% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 4,031 shares of the bank’s stock worth $239,000 after purchasing an additional 223 shares in the last quarter. KB Financial Partners LLC raised its stake in shares of HDFC Bank by 7.6% during the 1st quarter. KB Financial Partners LLC now owns 3,290 shares of the bank’s stock worth $202,000 after purchasing an additional 232 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of HDFC Bank by 3.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the bank’s stock valued at $387,000 after acquiring an additional 245 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 0.4 %

Shares of NYSE HDB traded up $0.24 during mid-day trading on Thursday, reaching $55.89. 1,153,942 shares of the company traded hands, compared to its average volume of 3,712,391. The stock has a market cap of $103.95 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The company’s fifty day moving average is $54.98 and its two-hundred day moving average is $59.05. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.52. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $71.39.

HDFC Bank (NYSE:HDB) last released its earnings results on Tuesday, January 16th. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $5.67 billion. On average, analysts expect that HDFC Bank Limited will post 2.72 earnings per share for the current 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.