Aaron Wealth Advisors LLC Boosts Position in HDFC Bank Limited (NYSE:HDB)

Aaron Wealth Advisors LLC lifted its position in HDFC Bank Limited (NYSE:HDB) by 20.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,668 shares of the bank’s stock after purchasing an additional 1,324 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in HDFC Bank were worth $490,000 at the end of the most recent reporting period.

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

HDFC Bank Price Performance

HDFC Bank stock opened at $58.39 on Monday. The company’s 50 day simple moving average is $64.02 and its 200-day simple moving average is $62.54. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50. The company has a market capitalization of $147.87 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.67 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating 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 firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. As a group, equities research analysts expect that HDFC Bank Limited will post 3.13 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

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.