Greenleaf Trust Invests in HDFC Bank Limited

Greenleaf Trust has made a significant investment in HDFC Bank Limited (NYSE:HDB) during the third quarter. According to a recent filing with the Securities and Exchange Commission, the institutional investor acquired 10,965 shares of HDFC Bank's stock, which is valued at approximately $686,000.

In addition to Greenleaf Trust, several other institutional investors and hedge funds have recently adjusted their positions in HDFC Bank. For instance, Ridgewood Investments LLC acquired a new stake in the bank in the second quarter, valued at $36,000. Northwest Investment Counselors LLC also bought new shares of HDFC Bank in the third quarter at a value of $38,000. GAMMA Investing LLC increased its position in HDFC Bank by 56.0% during the second quarter, owning 903 shares worth $58,000 after purchasing an additional 324 shares. Other notable investors include LRI Investments LLC, which took a new position in the first quarter valued at around $56,000, and Boit C F David, who acquired a new position in the second quarter worth about $100,000. Currently, institutional investors own approximately 17.61% of HDFC Bank's stock.

Wall Street Analysts Forecast Growth

HDFC Bank has recently been the subject of various analyst reports. For example, StockNews.com lowered HDFC Bank’s rating from “hold” to “sell” on October 12th. Similarly, JPMorgan Chase & Co. reduced their rating for HDFC Bank from “overweight” to “neutral” in a research note dated July 22nd.

HDFC Bank Trading Performance

As of Friday, HDFC Bank shares opened at $63.60. The bank has a 50-day simple moving average of $62.03 and a 200-day simple moving average of $60.36. Financial metrics indicate 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 seen a low of $52.16 and a high of $67.44. The company's current market capitalization stands at $118.29 billion, with a P/E ratio of 19.51 and a price-to-earnings-growth ratio of 1.95. Its beta is reported at 0.92.

About HDFC Bank

HDFC Bank Limited is a major banking and financial services provider in India, as well as in international locations like Bahrain, Hong Kong, and Dubai. The bank operates in three main segments: Wholesale Banking, Retail Banking, and Treasury Services. HDFC Bank offers a variety of banking products, including savings accounts, current accounts, fixed and recurring deposits, as well as various loans and overdrafts.

Banking, Investment, Finance