HDFC Bank Limited (NYSE:HDB) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in HDFC Bank Limited (NYSE:HDB) by 105.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,503 shares of the bank’s stock after buying an additional 3,333 shares during the period. Thrivent Financial for Lutherans’ holdings in HDFC Bank were worth $407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC acquired a new stake in shares of HDFC Bank during the second quarter worth about $36,000. Northwest Investment Counselors LLC acquired a new stake in shares of HDFC Bank during the third quarter worth about $38,000. JFS Wealth Advisors LLC increased its position in shares of HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after purchasing an additional 275 shares in the last quarter. GAMMA Investing LLC increased its position in shares of HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after purchasing an additional 324 shares in the last quarter. Finally, LRI Investments LLC increased its position in shares of HDFC Bank by 124.3% during the second quarter. LRI Investments LLC now owns 2,243 shares of the bank’s stock worth $144,000 after purchasing an additional 1,243 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $67.71 on Friday. The business’s 50 day simple moving average is $63.43 and its 200-day simple moving average is $61.83. The firm has a market capitalization of $171.46 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.41.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. As a group, equities analysts forecast that HDFC Bank Limited will post 3.15 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.