Aaron Wealth Advisors LLC Purchases Shares of 6,344 HDFC Bank Limited (NYSE:HDB)

Aaron Wealth Advisors LLC purchased a new position in HDFC Bank Limited (NYSE:HDB) in the third quarter, HoldingsChannel reports. The institutional investor purchased 6,344 shares of the bank’s stock, valued at approximately $397,000.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its stake in HDFC Bank by 5.4% during the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock valued at $311,000 after purchasing an additional 248 shares during the last quarter. Endowment Wealth Management Inc. increased its stake in shares of HDFC Bank by 6.5% in the first quarter. Endowment Wealth Management Inc. now owns 4,438 shares of the bank’s stock worth $248,000 after acquiring an additional 272 shares during the period. GAMMA Investing LLC lifted its position in HDFC Bank by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after purchasing an additional 312 shares during the period. Mount Yale Investment Advisors LLC grew its position in HDFC Bank by 5.6% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 6,114 shares of the bank’s stock worth $393,000 after purchasing an additional 322 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of HDFC Bank by 10.8% in the 1st quarter. Toronto Dominion Bank now owns 3,328 shares of the bank’s stock valued at $186,000 after buying an additional 325 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Down 0.0 %

Shares of HDB opened at $60.87 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37. The firm has a market cap of $113.21 billion, a P/E ratio of 18.67, a PEG ratio of 1.95 and a beta of 0.92. The stock’s 50 day moving average is $61.69 and its two-hundred day moving average is $60.20. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.44.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $0.78 EPS for the quarter, topping the consensus estimate of $0.51 by $0.27. The company had revenue of $14.03 billion during the quarter, compared to analyst estimates of $4.81 billion. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. Analysts predict that HDFC Bank Limited will post 2.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HDB. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday, October 12th.

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.