HDFC Bank Limited (NYSE:HDB) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 35.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 12,136 shares of the bank’s stock after buying an additional 3,189 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in HDFC Bank were worth $887,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of HDFC Bank by 0.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 35,906,721 shares of the bank’s stock valued at $2,625,500,000 after purchasing an additional 207,884 shares in the last quarter. FMR LLC grew its position in shares of HDFC Bank by 1.1% in the 2nd quarter. FMR LLC now owns 9,320,842 shares of the bank’s stock valued at $681,541,000 after buying an additional 103,230 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of HDFC Bank by 7.7% in the 2nd quarter. Lazard Asset Management LLC now owns 5,991,203 shares of the bank’s stock valued at $438,076,000 after buying an additional 426,192 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of HDFC Bank by 0.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,475,695 shares of the bank’s stock valued at $400,383,000 after buying an additional 26,639 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of HDFC Bank by 13.1% in the 2nd quarter. Invesco Ltd. now owns 4,823,207 shares of the bank’s stock valued at $352,673,000 after buying an additional 559,653 shares during the last quarter. Institutional investors own 17.48% 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 Friday, December 17th.

Shares of HDFC Bank stock opened at $71.73 on Friday. HDFC Bank Limited has a 1 year low of $61.35 and a 1 year high of $84.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $131.81 billion, a P/E ratio of 28.58, a PEG ratio of 1.22 and a beta of 0.79. The company’s fifty day moving average is $67.56 and its two-hundred day moving average is $71.89.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, October 16th. The bank reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.03. The firm had revenue of $3.65 billion during the quarter. HDFC Bank had a net margin of 21.24% and a return on equity of 15.85%. As a group, equities analysts expect that HDFC Bank Limited will post 2.67 earnings per share for the current year.

HDFC Bank Company Profile

HDFC Bank Ltd. engages in the provision of banking and financial services, including commercial banking and treasury operations. The firm also provides financial services to upper and middle income individuals and corporations in India. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking and Other Banking Operations.

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

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