PDS Planning Inc Buys 3,390 Shares of HDFC Bank Limited (NYSE:HDB)

PDS Planning Inc boosted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 37.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,487 shares of the bank’s stock after buying an additional 3,390 shares during the quarter. PDS Planning Inc’s holdings in HDFC Bank were worth $797,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HDB. Whipplewood Advisors LLC bought a new position in HDFC Bank during the fourth quarter worth about $29,000. Pin Oak Investment Advisors Inc. boosted its position in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after purchasing an additional 254 shares during the period. Sierra Ocean LLC bought a new position in HDFC Bank during the fourth quarter worth about $42,000. Kestra Investment Management LLC bought a new position in HDFC Bank during the fourth quarter worth about $60,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HDFC Bank during the third quarter worth about $65,000. Institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Price Performance

HDB stock opened at $61.66 on Tuesday. The firm has a 50 day moving average of $60.00 and a 200-day moving average of $62.43. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12 month low of $54.07 and a 12 month high of $68.50. The firm has a market capitalization of $156.13 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, sell-side analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

About HDFC Bank

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.