Foresight Global Investors Inc. Has $15.66 Million Position in HDFC Bank Limited (NYSE:HDB)

Foresight Global Investors Inc. raised its holdings in HDFC Bank Limited (NYSE:HDB) by 19.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 243,461 shares of the bank’s stock after purchasing an additional 40,170 shares during the quarter. HDFC Bank accounts for approximately 7.5% of Foresight Global Investors Inc.’s investment portfolio, making the stock its 6th biggest position. Foresight Global Investors Inc.’s holdings in HDFC Bank were worth $15,662,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. bought a new position in HDFC Bank in the 4th quarter valued at approximately $82,000. Avantax Advisory Services Inc. increased its holdings in shares of HDFC Bank by 10.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 13,983 shares of the bank’s stock valued at $938,000 after acquiring an additional 1,300 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in HDFC Bank by 5.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,247 shares of the bank’s stock worth $822,000 after buying an additional 625 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of HDFC Bank by 45.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,560 shares of the bank’s stock worth $105,000 after acquiring an additional 485 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of HDFC Bank by 185.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 62,169 shares of the bank’s stock valued at $4,172,000 after purchasing an additional 40,369 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.4 %

Shares of HDFC Bank stock opened at $62.85 on Tuesday. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.44. The company has a 50 day simple moving average of $60.50 and a two-hundred day simple moving average of $59.08. The firm has a market cap of $116.90 billion, a PE ratio of 19.28, a PEG ratio of 1.63 and a beta of 0.92. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51.

HDFC Bank (NYSE:HDB) last released its earnings results on Monday, July 22nd. The bank reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%. The company had revenue of $14.03 billion during the quarter, compared to the consensus estimate of $4.81 billion. Analysts expect that HDFC Bank Limited will post 2.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on HDB shares. JPMorgan Chase & Co. lowered HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th.

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.