Ieq Capital LLC Takes Position in HDFC Bank Limited (NYSE:HDB)

Ieq Capital LLC acquired a new stake in shares of HDFC Bank Limited (NYSE:HDB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,162 shares of the bank’s stock, valued at approximately $266,000.

Other large investors also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. increased its holdings 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 acquiring an additional 254 shares during the period. Sierra Ocean LLC bought a new position in HDFC Bank in the fourth quarter worth about $42,000. JFS Wealth Advisors LLC lifted its position in shares of HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after buying an additional 275 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of HDFC Bank in the 4th quarter worth approximately $60,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in HDFC Bank during the third quarter valued at approximately $65,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of HDB opened at $61.63 on Friday. The firm has a market capitalization of $156.07 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 2.12 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The company’s fifty day moving average price is $60.89 and its 200-day moving average price is $62.41. HDFC Bank Limited has a 1-year low of $53.19 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, equities research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

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.