HDFC Bank Limited (NYSE:HDB) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 81,999 shares of the bank’s stock after buying an additional 2,973 shares during the period. Bank of Montreal Can’s holdings in HDFC Bank were worth $5,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Waverton Investment Management Ltd grew its holdings in HDFC Bank by 1.0% during the fourth quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank’s stock worth $1,275,000 after acquiring an additional 203 shares during the period. Brown Brothers Harriman & Co. grew its stake in shares of HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after purchasing an additional 240 shares during the period. Level Four Advisory Services LLC increased its holdings in shares of HDFC Bank by 3.6% in the 4th quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank’s stock valued at $438,000 after purchasing an additional 241 shares in the last quarter. Baron Wealth Management LLC boosted its holdings in HDFC Bank by 3.7% during the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock worth $470,000 after buying an additional 263 shares in the last quarter. Finally, Principal Securities Inc. grew its position in HDFC Bank by 13.0% during the fourth quarter. Principal Securities Inc. now owns 2,305 shares of the bank’s stock worth $147,000 after buying an additional 265 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Performance

Shares of HDB opened at $67.42 on Tuesday. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $68.50. The stock has a market cap of $170.73 billion, a P/E ratio of 20.49, a PEG ratio of 2.12 and a beta of 0.68. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average of $62.49 and a two-hundred day moving average of $62.78.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on HDB. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Profile

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.