GAMMA Investing LLC Purchases 312 Shares of HDFC Bank Limited (NYSE:HDB)

GAMMA Investing LLC lifted its position in HDFC Bank Limited (NYSE:HDB) by 34.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,215 shares of the bank’s stock after buying an additional 312 shares during the period. GAMMA Investing LLC’s holdings in HDFC Bank were worth $76,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Goldman Sachs Group Inc. grew its stake in shares of HDFC Bank by 97.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 854,985 shares of the bank’s stock worth $57,378,000 after purchasing an additional 421,740 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of HDFC Bank by 69.9% in the 4th quarter. Wellington Management Group LLP now owns 4,174,807 shares of the bank’s stock valued at $280,171,000 after acquiring an additional 1,717,596 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in HDFC Bank by 185.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 62,169 shares of the bank’s stock valued at $4,172,000 after purchasing an additional 40,369 shares during the last quarter. Park Avenue Securities LLC increased its stake in HDFC Bank by 6.3% in the first quarter. Park Avenue Securities LLC now owns 13,276 shares of the bank’s stock valued at $743,000 after acquiring an additional 786 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. grew its holdings in shares of HDFC Bank by 8.1% in the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 147,441 shares of the bank’s stock worth $8,252,000 after purchasing an additional 11,092 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HDB. JPMorgan Chase & Co. cut shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday.

HDFC Bank Stock Performance

HDB stock opened at $61.41 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44. The business has a 50-day moving average price of $61.61 and a 200 day moving average price of $60.15. The company has a market capitalization of $114.21 billion, a P/E ratio of 18.84, a PEG ratio of 1.95 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last posted its earnings results on Monday, July 22nd. The bank reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. The company had revenue of $14.03 billion during the quarter, compared to analyst estimates of $4.81 billion. HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%. As a group, equities research analysts forecast that HDFC Bank Limited will post 2.96 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.