Endowment Wealth Management Inc. Purchases 1,377 Shares of HDFC Bank Limited (NYSE:HDB)

Endowment Wealth Management Inc. grew its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 30.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,913 shares of the bank’s stock after purchasing an additional 1,377 shares during the quarter. Endowment Wealth Management Inc.’s holdings in HDFC Bank were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new position in HDFC Bank during the second quarter valued at $36,000. 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 valued at $42,000 after buying an additional 275 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of HDFC Bank by 56.0% during the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock valued at $58,000 after acquiring an additional 324 shares during the period. Finally, LRI Investments LLC purchased a new stake in HDFC Bank in the 1st quarter worth approximately $56,000. Institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on HDB shares. JPMorgan Chase & Co. downgraded shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd. StockNews.com upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, November 8th.

HDFC Bank Stock Performance

NYSE HDB opened at $61.38 on Thursday. The business has a 50-day moving average price of $62.81 and a 200-day moving average price of $60.93. The firm has a market cap of $155.43 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 1.63 and a beta of 0.91. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $67.44. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results 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. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. As a group, equities research analysts predict that HDFC Bank Limited will post 3.2 EPS for the current fiscal year.

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.