Lenox Wealth Management Inc. raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,272 shares of the bank’s stock after purchasing an additional 938 shares during the period. HDFC Bank comprises 1.4% of Lenox Wealth Management Inc.’s portfolio, making the stock its 13th biggest position. Lenox Wealth Management Inc.’s holdings in HDFC Bank were worth $4,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Temasek Holdings Private Ltd raised its position in shares of HDFC Bank by 117.1% in the 2nd quarter. Temasek Holdings Private Ltd now owns 1,391,165 shares of the bank’s stock worth $146,100,000 after acquiring an additional 750,295 shares in the last quarter. WCM Investment Management CA raised its position in shares of HDFC Bank by 5.2% in the 2nd quarter. WCM Investment Management CA now owns 8,843,969 shares of the bank’s stock worth $928,794,000 after acquiring an additional 440,949 shares in the last quarter. Segantii Capital Management Ltd bought a new position in shares of HDFC Bank in the 2nd quarter worth $30,756,000. Bank of America Corp DE raised its position in shares of HDFC Bank by 17.2% in the 2nd quarter. Bank of America Corp DE now owns 1,429,490 shares of the bank’s stock worth $150,125,000 after acquiring an additional 209,964 shares in the last quarter. Finally, Fiera Capital Corp raised its position in shares of HDFC Bank by 6.4% in the 2nd quarter. Fiera Capital Corp now owns 3,420,874 shares of the bank’s stock worth $359,260,000 after acquiring an additional 205,932 shares in the last quarter. 17.29% of the stock is owned by institutional investors and hedge funds.

HDB opened at $88.87 on Tuesday. The firm has a market capitalization of $75.41 billion, a PE ratio of 28.24, a P/E/G ratio of 1.06 and a beta of 0.98. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.96 and a quick ratio of 0.96. HDFC Bank Limited has a 12 month low of $85.43 and a 12 month high of $112.10.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Monday, July 30th. The bank reported $0.78 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. HDFC Bank had a return on equity of 15.01% and a net margin of 18.32%. Research analysts expect that HDFC Bank Limited will post 3.36 earnings per share for the current year.

HDB has been the subject of several recent research reports. Zacks Investment Research raised HDFC Bank from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. ValuEngine lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.

HDFC Bank Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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

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