HDFC Bank Limited (NYSE:HDB) Shares Purchased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC raised its stake in HDFC Bank Limited (NYSE:HDB) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,114 shares of the bank’s stock after acquiring an additional 322 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in HDFC Bank were worth $393,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HDB. Northwest Investment Counselors LLC purchased a new stake in HDFC Bank during the first quarter worth $34,000. Janiczek Wealth Management LLC purchased a new stake in shares of HDFC Bank during the 1st quarter worth about $35,000. Ridgewood Investments LLC purchased a new stake in shares of HDFC Bank during the 2nd quarter worth about $36,000. LRI Investments LLC acquired a new stake in shares of HDFC Bank during the 1st quarter valued at about $56,000. Finally, GAMMA Investing LLC increased its stake in shares of HDFC Bank by 56.0% in the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock valued at $58,000 after purchasing an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

HDB has been the topic of several research analyst reports. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. JPMorgan Chase & Co. cut shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd.

HDFC Bank Stock Up 0.1 %

HDB opened at $66.08 on Wednesday. The company has a market cap of $122.90 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.63 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 50-day moving average price of $61.01 and a 200 day moving average price of $59.48. 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 posted its quarterly earnings data on Monday, July 22nd. The bank reported $0.78 EPS for the quarter, beating the consensus estimate of $0.51 by $0.27. HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%. The firm had revenue of $14.03 billion during the quarter, compared to the consensus estimate of $4.81 billion. Sell-side analysts expect that HDFC Bank Limited will post 2.97 earnings per share 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.