HDFC Bank Limited (NYSE:HDB) Shares Acquired by Cwm LLC

Cwm LLC boosted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 2,567.2% in the third quarter, HoldingsChannel reports. The firm owned 3,094 shares of the bank’s stock after purchasing an additional 2,978 shares during the quarter. Cwm LLC’s holdings in HDFC Bank were worth $194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ridgewood Investments LLC bought a new position in HDFC Bank in the 2nd quarter worth about $36,000. Janiczek Wealth Management LLC bought a new stake in shares of HDFC Bank during the first quarter valued at approximately $35,000. GAMMA Investing LLC boosted its position 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 period. LRI Investments LLC bought a new position in HDFC Bank in the 1st quarter worth approximately $56,000. Finally, Boit C F David acquired a new stake in HDFC Bank in the 2nd quarter valued at approximately $100,000. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HDB. JPMorgan Chase & Co. lowered HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th.

HDFC Bank Trading Up 1.7 %

Shares of NYSE:HDB opened at $64.19 on Thursday. The company has a 50 day moving average of $61.94 and a 200-day moving average of $60.34. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37. The firm has a market cap of $119.38 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.95 and a beta of 0.92. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $67.44.

About HDFC Bank

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.