OneDigital Investment Advisors LLC Grows Stake in HDFC Bank Limited (NYSE:HDB)

OneDigital Investment Advisors LLC grew its position in HDFC Bank Limited (NYSE:HDB) by 32.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,793 shares of the bank’s stock after buying an additional 3,353 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in HDFC Bank were worth $863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HDB. Vanguard Group Inc. grew its holdings in HDFC Bank by 10.9% during the 1st quarter. Vanguard Group Inc. now owns 122,023 shares of the bank’s stock worth $6,830,000 after acquiring an additional 12,037 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of HDFC Bank by 34.5% during the first quarter. Advisors Asset Management Inc. now owns 24,400 shares of the bank’s stock valued at $1,366,000 after purchasing an additional 6,261 shares in the last quarter. Stamos Capital Partners L.P. increased its holdings in HDFC Bank by 192.7% during the first quarter. Stamos Capital Partners L.P. now owns 22,190 shares of the bank’s stock valued at $1,242,000 after buying an additional 14,610 shares during the period. Toronto Dominion Bank raised its stake in HDFC Bank by 10.8% in the first quarter. Toronto Dominion Bank now owns 3,328 shares of the bank’s stock worth $186,000 after buying an additional 325 shares in the last quarter. Finally, Capital World Investors lifted its holdings in HDFC Bank by 208.6% during the first quarter. Capital World Investors now owns 4,124,751 shares of the bank’s stock worth $230,862,000 after buying an additional 2,788,197 shares during the period. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.4 %

Shares of HDFC Bank stock opened at $63.17 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. The company has a market cap of $159.97 billion, a P/E ratio of 19.20, a PEG ratio of 1.62 and a beta of 0.91. The firm’s 50 day moving average price is $62.92 and its 200-day moving average price is $61.06. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $67.44.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The business had revenue of $9.21 billion for 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%. On average, sell-side analysts predict that HDFC Bank Limited will post 3.2 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

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.