Mount Yale Investment Advisors LLC Buys 257 Shares of HDFC Bank Limited (NYSE:HDB)

Mount Yale Investment Advisors LLC increased its stake in HDFC Bank Limited (NYSE:HDB) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,371 shares of the bank’s stock after purchasing an additional 257 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in HDFC Bank were worth $399,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HDB. Ridgewood Investments LLC bought a new position in shares of HDFC Bank in the second quarter worth about $36,000. Northwest Investment Counselors LLC acquired a new stake in HDFC Bank in the 3rd quarter valued at approximately $38,000. LRI Investments LLC bought a new position in HDFC Bank in the 1st quarter worth approximately $56,000. GAMMA Investing LLC lifted its holdings in shares of HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after buying an additional 324 shares during the last quarter. Finally, Boit C F David bought a new stake in shares of HDFC Bank in the second quarter valued at approximately $100,000. Institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HDB has been the subject of several research analyst reports. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $63.65 on Monday. The firm has a market capitalization of $118.38 billion, a PE ratio of 19.52, a PEG ratio of 1.65 and a beta of 0.92. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44. The business’s 50 day moving average is $62.10 and its 200-day moving average is $60.42.

HDFC Bank 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.