Fayez Sarofim & Co Has $5.56 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

Fayez Sarofim & Co grew its holdings in HDFC Bank Limited (NYSE:HDB) by 4.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 87,100 shares of the bank’s stock after acquiring an additional 3,555 shares during the quarter. Fayez Sarofim & Co’s holdings in HDFC Bank were worth $5,562,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HDB. Virtu Financial LLC bought a new stake in HDFC Bank during the 3rd quarter worth about $985,000. Synovus Financial Corp boosted its position in HDFC Bank by 0.8% during the third quarter. Synovus Financial Corp now owns 89,591 shares of the bank’s stock valued at $5,605,000 after purchasing an additional 711 shares during the last quarter. Peapack Gladstone Financial Corp bought a new position in HDFC Bank in the third quarter valued at approximately $353,000. Franklin Resources Inc. increased its position in shares of HDFC Bank by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock worth $420,477,000 after purchasing an additional 560,880 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of HDFC Bank by 31.5% in the 3rd quarter. Principal Financial Group Inc. now owns 47,225 shares of the bank’s stock valued at $2,954,000 after buying an additional 11,319 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

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

HDFC Bank Stock Up 2.4 %

HDB stock opened at $73.76 on Tuesday. The business’s 50 day simple moving average is $63.54 and its 200 day simple moving average is $63.12. HDFC Bank Limited has a 1-year low of $54.99 and a 1-year high of $75.34. The firm has a market capitalization of $186.78 billion, a PE ratio of 22.42, 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.

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

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.