HDFC Bank Limited (NYSE:HDB) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC raised its stake in shares of HDFC Bank Limited (NYSE:HDB) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,144 shares of the bank’s stock after buying an additional 2,996 shares during the period. Corient Private Wealth LLC’s holdings in HDFC Bank were worth $1,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new position in shares of HDFC Bank during the fourth quarter valued at approximately $29,000. Pin Oak Investment Advisors Inc. boosted its stake in HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after purchasing an additional 254 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of HDFC Bank during the 4th quarter valued at $42,000. Kestra Investment Management LLC bought a new stake in shares of HDFC Bank in the 4th quarter worth $60,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of HDFC Bank in the third quarter valued at $65,000. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Performance

Shares of NYSE HDB opened at $65.90 on Wednesday. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50. The stock has a market capitalization of $166.88 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 2.12 and a beta of 0.92. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock’s fifty day simple moving average is $60.56 and its 200 day simple moving average is $62.56.

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

Analyst Ratings Changes

A number of research firms recently issued reports on HDB. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

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.