HDFC Bank Limited (NYSE:HDB) Shares Bought by Creative Planning

Creative Planning grew its stake in HDFC Bank Limited (NYSE:HDB) by 26.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,768 shares of the bank’s stock after purchasing an additional 26,983 shares during the quarter. Creative Planning’s holdings in HDFC Bank were worth $8,181,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Sivia Capital Partners LLC acquired a new stake in HDFC Bank in the 3rd quarter worth about $533,000. Ritholtz Wealth Management lifted its position in shares of HDFC Bank by 38.6% in the third quarter. Ritholtz Wealth Management now owns 11,532 shares of the bank’s stock valued at $721,000 after acquiring an additional 3,210 shares in the last quarter. First Affirmative Financial Network boosted its stake in shares of HDFC Bank by 14.7% in the third quarter. First Affirmative Financial Network now owns 3,628 shares of the bank’s stock worth $227,000 after acquiring an additional 466 shares during the last quarter. Capital Insight Partners LLC increased its position in shares of HDFC Bank by 1.1% during the third quarter. Capital Insight Partners LLC now owns 48,398 shares of the bank’s stock worth $3,028,000 after purchasing an additional 550 shares in the last quarter. Finally, Tobam raised its stake in HDFC Bank by 25.2% in the 3rd quarter. Tobam now owns 33,682 shares of the bank’s stock valued at $2,107,000 after purchasing an additional 6,790 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $64.19 on Thursday. The business’s 50 day moving average price is $61.94 and its 200 day moving average price is $60.34. The company has a market cap of $119.38 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.95 and a beta of 0.92. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.51 and a current ratio of 0.51. HDFC Bank Limited has a one year low of $52.16 and a one year high of $67.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HDB shares. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. JPMorgan Chase & Co. downgraded shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd.

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.