Schechter Investment Advisors LLC Acquires 1,079 Shares of HDFC Bank Limited (NYSE:HDB)

Schechter Investment Advisors LLC lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,732 shares of the bank’s stock after purchasing an additional 1,079 shares during the period. Schechter Investment Advisors LLC’s holdings in HDFC Bank were worth $854,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HDB. Baillie Gifford & Co. boosted its position in shares of HDFC Bank by 183.8% during the 3rd quarter. Baillie Gifford & Co. now owns 9,560,478 shares of the bank’s stock valued at $564,164,000 after purchasing an additional 6,191,548 shares in the last quarter. PineStone Asset Management Inc. boosted its holdings in HDFC Bank by 363.2% in the third quarter. PineStone Asset Management Inc. now owns 3,139,056 shares of the bank’s stock worth $185,236,000 after acquiring an additional 2,461,325 shares in the last quarter. BlackRock Inc. boosted its holdings in HDFC Bank by 57.1% in the first quarter. BlackRock Inc. now owns 4,838,182 shares of the bank’s stock worth $296,725,000 after acquiring an additional 1,757,638 shares in the last quarter. Aikya Investment Management Ltd bought a new position in HDFC Bank in the fourth quarter worth approximately $77,036,000. Finally, 1832 Asset Management L.P. boosted its holdings in HDFC Bank by 1,052.1% in the first quarter. 1832 Asset Management L.P. now owns 1,024,372 shares of the bank’s stock worth $68,295,000 after acquiring an additional 935,455 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 2.0 %

Shares of NYSE:HDB opened at $55.64 on Thursday. The business’s 50 day simple moving average is $54.98 and its two-hundred day simple moving average is $59.05. The firm has a market cap of $103.49 billion, a P/E ratio of 17.17, a PEG ratio of 1.41 and a beta of 0.87. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.52. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $71.39.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Tuesday, January 16th. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.11. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $5.67 billion. As a group, research analysts forecast that HDFC Bank Limited will post 2.72 EPS for the current fiscal year.

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.