Financial Counselors Inc. Invests $281,000 in HDFC Bank Limited (NYSE:HDB)

Financial Counselors Inc. acquired a new stake in HDFC Bank Limited (NYSE:HDB) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,484 shares of the bank’s stock, valued at approximately $281,000.

Several other institutional investors have also added to or reduced their stakes in the business. Ridgewood Investments LLC purchased a new position in shares of HDFC Bank in the second quarter worth about $36,000. Northwest Investment Counselors LLC purchased a new position in HDFC Bank in the 3rd quarter valued at approximately $38,000. JFS Wealth Advisors LLC raised its holdings in HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after acquiring an additional 275 shares during the period. GAMMA Investing LLC lifted its position in shares of HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after acquiring an additional 324 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of HDFC Bank in the third quarter worth $65,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $66.76 on Friday. The stock has a market cap of $169.06 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.79 and a beta of 0.91. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.76. The company has a 50 day moving average of $63.34 and a 200 day moving average of $61.57. 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 (NYSE:HDB) last posted its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping 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 company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $4.84 billion. As a group, sell-side analysts forecast that HDFC Bank Limited will post 3.15 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.