Physician Wealth Advisors Inc. Invests $77,000 in HDFC Bank Limited (NYSE:HDB)

Physician Wealth Advisors Inc. purchased a new stake in HDFC Bank Limited (NYSE:HDB) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,213 shares of the bank’s stock, valued at approximately $77,000.

Other hedge funds have also recently modified their holdings of the company. GQG Partners LLC grew its stake in HDFC Bank by 74.4% during the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock worth $503,431,000 after buying an additional 3,364,114 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock worth $213,851,000 after acquiring an additional 3,262,442 shares during the period. Schroder Investment Management Group grew its stake in shares of HDFC Bank by 82.1% in the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock valued at $447,584,000 after purchasing an additional 3,160,533 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in HDFC Bank by 172.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock valued at $215,909,000 after buying an additional 2,140,591 shares during the last quarter. Finally, Egerton Capital UK LLP acquired a new position in HDFC Bank in the 4th quarter valued at $72,833,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HDB. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

HDFC Bank Stock Performance

NYSE:HDB opened at $66.15 on Monday. 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 fifty-two week low of $54.99 and a fifty-two week high of $68.50. The firm’s fifty day simple moving average is $61.01 and its 200-day simple moving average is $62.67. The stock has a market cap of $167.50 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Analysts expect that HDFC Bank Limited will post 3.03 earnings per share 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.