Capital International Sarl Has $1.44 Million Position in HDFC Bank Limited (NYSE:HDB)

Capital International Sarl raised its position in HDFC Bank Limited (NYSE:HDB) by 17.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 22,556 shares of the bank’s stock after buying an additional 3,294 shares during the period. Capital International Sarl’s holdings in HDFC Bank were worth $1,440,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in HDB. Whipplewood Advisors LLC acquired a new stake in HDFC Bank in the fourth quarter worth about $29,000. Graney & King LLC acquired a new stake in shares of HDFC Bank during the 4th quarter worth approximately $38,000. Brown Brothers Harriman & Co. grew its position 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 buying an additional 240 shares during the period. Sierra Ocean LLC bought a new stake in shares of HDFC Bank during the fourth quarter worth approximately $42,000. Finally, Atlas Capital Advisors Inc. bought a new position in HDFC Bank in the fourth quarter valued at approximately $56,000. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Up 4.2 %

Shares of NYSE HDB opened at $72.19 on Friday. The firm has a 50 day moving average price of $63.27 and a 200 day moving average price of $63.01. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $182.80 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.12 and a beta of 0.68. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $72.34.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

About HDFC Bank

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.