Beaumont Financial Partners LLC Makes New $298,000 Investment in HDFC Bank Limited (NYSE:HDB)

Beaumont Financial Partners LLC bought a new stake in shares of HDFC Bank Limited (NYSE:HDB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,834 shares of the bank’s stock, valued at approximately $298,000.

Other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in HDFC Bank by 8.8% during the first quarter. Envestnet Asset Management Inc. now owns 1,343,936 shares of the bank’s stock worth $104,410,000 after purchasing an additional 108,796 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its position in shares of HDFC Bank by 2.9% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 54,663 shares of the bank’s stock valued at $4,247,000 after buying an additional 1,533 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in HDFC Bank by 61.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,022 shares of the bank’s stock valued at $390,000 after acquiring an additional 1,918 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in HDFC Bank by 14.7% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,688 shares of the bank’s stock worth $364,000 after acquiring an additional 600 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in HDFC Bank by 4.5% during the first quarter. Victory Capital Management Inc. now owns 278,051 shares of the bank’s stock worth $21,602,000 after acquiring an additional 12,045 shares during the period. Hedge funds and other institutional investors own 17.76% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, April 28th.

Shares of NYSE:HDB opened at $70.08 on Monday. HDFC Bank Limited has a 1 year low of $35.65 and a 1 year high of $84.70. The firm has a market capitalization of $128.09 billion, a PE ratio of 33.06, a P/E/G ratio of 1.50 and a beta of 0.89. The business’s 50 day moving average price is $72.73 and its 200-day moving average price is $73.00.

HDFC Bank (NYSE:HDB) last announced its earnings results on Friday, April 16th. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. HDFC Bank had a net margin of 19.69% and a return on equity of 15.48%. On average, analysts forecast that HDFC Bank Limited will post 2.31 earnings per share for the current year.

About HDFC Bank

HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company accepts savings, salary, current, and Demat accounts; fixed and recurring deposits; and safe deposit lockers, and rural and pension accounts, as well as offshore accounts and deposits, overdrafts against fixed deposits and salaries, and sweep-in facilities.

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

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