Kestra Private Wealth Services LLC Has $6.20 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Kestra Private Wealth Services LLC lifted its position in HDFC Bank Limited (NYSE:HDB) by 13.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,086 shares of the bank’s stock after buying an additional 11,255 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in HDFC Bank were worth $6,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Pin Oak Investment Advisors Inc. lifted its position in HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after acquiring an additional 254 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of HDFC Bank in the third quarter worth about $38,000. JFS Wealth Advisors LLC lifted its position in shares of HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after purchasing an additional 275 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in HDFC Bank during the 3rd quarter valued at approximately $65,000. Finally, GAMMA Investing LLC grew its holdings in HDFC Bank by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after buying an additional 312 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

HDFC Bank Trading Down 1.2 %

HDFC Bank stock opened at $61.22 on Monday. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50. The stock has a market cap of $155.03 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91. The business has a 50 day moving average price of $62.76 and a two-hundred day moving average price of $62.39. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping the consensus estimate 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, equities analysts forecast that HDFC Bank Limited will post 3.09 EPS for the current year.

Wall Street Analysts Forecast Growth

HDB has been the subject of a number of research analyst reports. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

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.