Greenleaf Trust Acquires Stake in HDFC Bank Limited

Greenleaf Trust has taken a new position in HDFC Bank Limited (NYSE:HDB) during the third quarter, as revealed in the firm’s latest filing with the Securities and Exchange Commission. The institutional investor acquired 10,965 shares of the bank's stock, which amounts to a value of approximately $686,000.

In addition to Greenleaf Trust, numerous other hedge funds and institutional investors have also recently engaged in buying and selling shares of HDFC Bank. For instance, Ridgewood Investments LLC established a new stake in HDFC Bank in the second quarter, valued at $36,000. Similarly, Northwest Investment Counselors LLC bought a new stake during the third quarter worth $38,000. Furthermore, GAMMA Investing LLC increased its holdings in HDFC Bank by 56% during the second quarter, owning a total of 903 shares after purchasing an additional 324 shares, amounting to about $58,000. LRI Investments LLC initiated a new position in HDFC Bank valued at approximately $56,000 in the first quarter, while Boit C F David made a new acquisition valued at about $100,000 in the second quarter. Collectively, institutional investors and hedge funds hold 17.61% of the company's stock.

Market Analysts' Predictions

HDFC Bank has been the subject of several analyst reports recently. For instance, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report published on October 12. Additionally, JPMorgan Chase & Co. reduced their rating from “overweight” to “neutral” on July 22.

Current Financial Status of HDFC Bank

On the trading front, shares of HDFC Bank opened at $63.60. The stock has a fifty-day simple moving average of $62.03 and a two-hundred-day simple moving average of $60.36. The bank possesses a debt-to-equity ratio of 1.37, a quick ratio of 0.51, and a current ratio of 0.51. Over the past year, HDFC Bank has experienced a low of $52.16 and a high of $67.44. The company boasts a market capitalization of $118.29 billion, a price-to-earnings (P/E) ratio of 19.51, a price-to-earnings-growth (PEG) ratio of 1.95, and a beta of 0.92.

Overview of HDFC Bank Limited

HDFC Bank Limited offers a variety of banking and financial services across several regions, including India, Bahrain, Hong Kong, and Dubai. The bank operates through three main segments: Wholesale Banking, Retail Banking, and Treasury Services. It provides various account options such as savings, salary, current, rural, public provident fund, pension, and demat accounts, along with fixed and recurring deposits and safe deposit lockers. Additionally, HDFC Bank offers offshore accounts, deposits, and overdrafts against fixed deposits.

Related Articles

• Five stocks we like better than HDFC Bank
• Russell 2000 Index, How Investors Use it For Profitable Trading
• Texas Roadhouse Stock Steering for New Highs This Year
• 3 Home Improvement Stocks that Can Upgrade Your Portfolio
• Monopar Therapeutics Skyrockets 400% on Licensing Deal
• 3 Monster Growth Stocks to Buy Now
• Tractor Supply Stock Pulls Back: A Prime Buying Opportunity

investment, banking, stocks