Greenleaf Trust Invests $686,000 in HDFC Bank Limited

Greenleaf Trust recently disclosed its acquisition of a new investment in HDFC Bank Limited (NYSE:HDB) during the third quarter of the fiscal year. According to a filing with the Securities and Exchange Commission, the institutional investor acquired 10,965 shares of HDFC Bank, representing a total value of approximately $686,000.

In addition to Greenleaf Trust, several other institutional investors and hedge funds have also made moves regarding HDFC Bank shares. For instance, Ridgewood Investments LLC established a new stake in HDFC Bank during the second quarter, valued at $36,000. Similarly, Northwest Investment Counselors LLC bought new shares in the third quarter with a valuation of $38,000. Other notable investors include GAMMA Investing LLC, which increased its holdings in HDFC Bank by 56% in the second quarter, now holding 903 shares worth about $58,000 after buying an additional 324 shares. LRI Investments LLC and Boit C F David also made new acquisitions in HDFC Bank earlier this year, with LRI investing approximately $56,000 in the first quarter and Boit making a $100,000 purchase in the second quarter.

Analyst Ratings and Market Expectations

HDFC Bank has garnered attention from several analysts on Wall Street. A recent report by StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating as of October 12. Furthermore, JPMorgan Chase & Co. adjusted its rating on HDFC Bank, moving it from an “overweight” stance to “neutral” in late July.

Current Market Performance

HDFC Bank shares opened trading at $63.60 on the most recent Friday. The stock has shown varying trends, with a 50-day simple moving average of $62.03 and a 200-day average of $60.36. The bank's financial ratios indicate a debt-to-equity ratio of 1.37 and both a quick ratio and current ratio of 0.51. Over the past year, the stock has fluctuated, with a low of $52.16 and a high of $67.44. HDFC Bank’s current market capitalization stands at approximately $118.29 billion, with a price-to-earnings (P/E) ratio of 19.51 and a price-to-earnings-growth (PEG) ratio of 1.95.

About HDFC Bank

HDFC Bank Limited offers a range of banking and financial services to both individuals and businesses across several countries including India, Bahrain, Hong Kong, and Dubai. The bank operates in three major segments: Wholesale Banking, Retail Banking, and Treasury Services. Its offerings include various types of savings and current accounts, fixed deposits, recurring deposits, and more, along with safe deposit lockers and overdrafts against fixed deposits.

investment, banking, stocks