Natixis Advisors L.P. Raises Position in HDFC Bank Limited (NYSE:HDB)

Natixis Advisors L.P. raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,775,664 shares of the bank’s stock after buying an additional 196,698 shares during the quarter. Natixis Advisors L.P. owned about 0.10% of HDFC Bank worth $119,164,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC lifted its holdings in HDFC Bank by 36.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock worth $41,000 after buying an additional 185 shares during the period. Commonwealth Equity Services LLC increased its position in HDFC Bank by 3.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the bank’s stock valued at $387,000 after purchasing an additional 245 shares during the period. GSB Wealth Management LLC raised its holdings in HDFC Bank by 1.9% in the 3rd quarter. GSB Wealth Management LLC now owns 13,575 shares of the bank’s stock worth $801,000 after purchasing an additional 253 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of HDFC Bank by 2.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 9,816 shares of the bank’s stock worth $659,000 after purchasing an additional 253 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of HDFC Bank by 44.7% during the 3rd quarter. Signaturefd LLC now owns 848 shares of the bank’s stock valued at $50,000 after purchasing an additional 262 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.3 %

NYSE:HDB traded up $0.77 during mid-day trading on Thursday, hitting $58.91. 1,023,005 shares of the company’s stock were exchanged, compared to its average volume of 3,468,208. The company has a market cap of $109.57 billion, a PE ratio of 18.12, a P/E/G ratio of 1.08 and a beta of 0.85. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.40 and a quick ratio of 0.52. HDFC Bank Limited has a one year low of $52.16 and a one year high of $71.39. The business has a fifty day moving average price of $56.42 and a 200 day moving average price of $58.55.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Monday, April 22nd.

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.