Channing Global Advisors LLC Purchases 7,156 Shares of HDFC Bank Limited (NYSE:HDB)

Channing Global Advisors LLC increased its position in HDFC Bank Limited (NYSE:HDB) by 20.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,560 shares of the bank’s stock after acquiring an additional 7,156 shares during the quarter. HDFC Bank comprises about 1.8% of Channing Global Advisors LLC’s holdings, making the stock its 18th biggest holding. Channing Global Advisors LLC’s holdings in HDFC Bank were worth $2,654,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HDB. Pin Oak Investment Advisors Inc. boosted its position in shares of HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of HDFC Bank in the third quarter valued at approximately $38,000. JFS Wealth Advisors LLC boosted its position in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after acquiring an additional 275 shares during the period. RPg Family Wealth Advisory LLC bought a new position in shares of HDFC Bank in the third quarter valued at approximately $65,000. Finally, GAMMA Investing LLC boosted its position in shares of HDFC Bank by 34.6% in the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after acquiring an additional 312 shares during the period. 17.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HDB has been the subject of a number of analyst reports. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Trading Up 0.2 %

Shares of HDB opened at $60.68 on Wednesday. The firm’s 50 day simple moving average is $62.52 and its 200 day simple moving average is $62.41. The company has a market capitalization of $153.65 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.70 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share 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%. Sell-side analysts forecast that HDFC Bank Limited will post 3.09 earnings per share for the current fiscal year.

HDFC Bank Company 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.