Exencial Wealth Advisors LLC Purchases 660 Shares of HDFC Bank Limited (NYSE:HDB)

Exencial Wealth Advisors LLC lifted its position in HDFC Bank Limited (NYSE:HDB) by 3.5% during the 4th quarter, HoldingsChannel reports. The firm owned 19,355 shares of the bank’s stock after buying an additional 660 shares during the period. Exencial Wealth Advisors LLC’s holdings in HDFC Bank were worth $1,236,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HDB. Synergy Investment Management LLC purchased a new position in HDFC Bank in the fourth quarter worth $75,000. Nicola Wealth Management LTD. grew its position in HDFC Bank by 21.6% in the fourth quarter. Nicola Wealth Management LTD. now owns 163,000 shares of the bank’s stock worth $10,409,000 after acquiring an additional 29,000 shares in the last quarter. State of Michigan Retirement System grew its position in HDFC Bank by 5.0% in the fourth quarter. State of Michigan Retirement System now owns 190,000 shares of the bank’s stock worth $12,133,000 after acquiring an additional 9,000 shares in the last quarter. Marathon Asset Management Ltd grew its position in HDFC Bank by 3.1% in the fourth quarter. Marathon Asset Management Ltd now owns 598,251 shares of the bank’s stock worth $38,204,000 after acquiring an additional 17,892 shares in the last quarter. Finally, DJE Kapital AG purchased a new position in HDFC Bank in the fourth quarter worth $54,055,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

NYSE HDB opened at $60.30 on Thursday. The company has a 50-day simple moving average of $60.60 and a two-hundred day simple moving average of $62.45. The company has a quick ratio of 0.09, a current 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 cap of $152.69 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 2.12 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, equities analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on HDB shares. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

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.