Envestnet Portfolio Solutions Inc. Grows Position in HDFC Bank Limited (NYSE:HDB)

Envestnet Portfolio Solutions Inc. lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 6.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,920 shares of the bank’s stock after acquiring an additional 1,729 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in HDFC Bank were worth $1,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Glenmede Trust Co. NA boosted its position in shares of HDFC Bank by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock valued at $301,000 after buying an additional 167 shares during the last quarter. Waverton Investment Management Ltd boosted its position in shares of HDFC Bank by 1.0% during the fourth quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank’s stock valued at $1,275,000 after buying an additional 203 shares during the last quarter. Commerce Bank boosted its position in shares of HDFC Bank by 7.0% during the third quarter. Commerce Bank now owns 3,427 shares of the bank’s stock valued at $214,000 after buying an additional 225 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares during the period. Finally, Baron Wealth Management LLC lifted its holdings in HDFC Bank by 3.7% in the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock valued at $470,000 after acquiring an additional 263 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 1.1 %

NYSE HDB opened at $63.85 on Friday. The stock’s 50-day moving average price is $60.14 and its 200-day moving average price is $62.45. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 52 week low of $54.07 and a 52 week high of $68.50. The company has a market capitalization of $161.67 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, equities research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HDB has been the topic of a number of recent research reports. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

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.