RPg Family Wealth Advisory LLC Buys Shares of 1,038 HDFC Bank Limited (NYSE:HDB)

RPg Family Wealth Advisory LLC bought a new stake in HDFC Bank Limited (NYSE:HDB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,038 shares of the bank’s stock, valued at approximately $65,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new position in shares of HDFC Bank during the 2nd quarter valued at $36,000. Northwest Investment Counselors LLC bought a new stake in HDFC Bank during the 3rd quarter valued at approximately $38,000. JFS Wealth Advisors LLC increased its position in HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares during the period. LRI Investments LLC acquired a new position in shares of HDFC Bank during the first quarter worth approximately $56,000. Finally, GAMMA Investing LLC grew its stake in shares of HDFC Bank by 56.0% in the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after acquiring an additional 324 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $67.50 on Thursday. The firm has a market capitalization of $170.93 billion, a PE ratio of 20.52, a PEG ratio of 1.78 and a beta of 0.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.76. The business’s 50 day moving average is $63.26 and its 200-day moving average is $61.41.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. Sell-side analysts predict that HDFC Bank Limited will post 3.15 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.