Hantz Financial Services Inc. Takes Position in HDFC Bank Limited (NYSE:HDB)

Hantz Financial Services Inc. bought a new position in HDFC Bank Limited (NYSE:HDB) during the 2nd quarter, Holdings Channel reports. The fund bought 70,014 shares of the bank’s stock, valued at approximately $4,504,000.

A number of other hedge funds also recently bought and sold shares of the business. iA Global Asset Management Inc. purchased a new position in shares of HDFC Bank during the second quarter valued at about $483,000. Signaturefd LLC grew its holdings in shares of HDFC Bank by 54.2% during the 2nd quarter. Signaturefd LLC now owns 29,165 shares of the bank’s stock worth $1,876,000 after acquiring an additional 10,252 shares during the period. UMB Bank n.a. lifted its stake in shares of HDFC Bank by 5.4% in the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock valued at $311,000 after purchasing an additional 248 shares during the period. Ridgewood Investments LLC bought a new stake in shares of HDFC Bank during the second quarter valued at approximately $36,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in HDFC Bank by 25.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 5,841 shares of the bank’s stock worth $376,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 0.2 %

HDB stock opened at $61.11 on Friday. The business has a 50 day moving average of $61.20 and a 200 day moving average of $58.41. The firm has a market cap of $113.66 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.66 and a beta of 0.92. 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 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.37.

HDFC Bank (NYSE:HDB) last issued its earnings results on Monday, July 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.27. The firm had revenue of $14.03 billion for the quarter, compared to the consensus estimate of $4.81 billion. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. On average, research analysts forecast that HDFC Bank Limited will post 2.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. JPMorgan Chase & Co. lowered HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th.

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.