Cabot Wealth Management Inc. Has $18.53 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Cabot Wealth Management Inc. grew its holdings in shares of HDFC Bank Limited (NYSE:HDBFree Report) by 1.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 290,153 shares of the bank’s stock after buying an additional 4,428 shares during the period. HDFC Bank accounts for 2.4% of Cabot Wealth Management Inc.’s portfolio, making the stock its 8th largest position. Cabot Wealth Management Inc.’s holdings in HDFC Bank were worth $18,529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Pin Oak Investment Advisors Inc. grew its position in HDFC Bank by 104.1% in the 3rd 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 last quarter. JFS Wealth Advisors LLC grew its holdings in shares of HDFC Bank by 70.2% in 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 during the last quarter. Sierra Ocean LLC purchased a new position in HDFC Bank in the 4th quarter worth about $42,000. Kestra Investment Management LLC bought a new stake in HDFC Bank during the 4th quarter valued at about $60,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in HDFC Bank in the 3rd quarter valued at about $65,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HDB. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

View Our Latest Analysis on HDB

HDFC Bank Trading Down 0.2 %

NYSE:HDB opened at $59.46 on Friday. The firm has a 50-day simple moving average of $61.36 and a 200-day simple moving average of $62.42. HDFC Bank Limited has a one year low of $53.00 and a one year high of $68.50. The firm has a market cap of $150.56 billion, a P/E ratio of 18.07, a P/E/G ratio of 2.12 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09.

HDFC Bank (NYSE:HDBGet Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping 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%. Equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

About HDFC Bank

(Free Report)

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.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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