HDFC Bank Limited (NYSE:HDB) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 1,700.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 355,511 shares of the bank’s stock after buying an additional 335,762 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in HDFC Bank were worth $22,703,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in shares of HDFC Bank by 94.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,059,154 shares of the bank’s stock worth $67,638,000 after buying an additional 513,202 shares during the period. First Trust Advisors LP grew its stake in shares of HDFC Bank by 111.7% in the fourth quarter. First Trust Advisors LP now owns 39,109 shares of the bank’s stock worth $2,498,000 after purchasing an additional 20,633 shares in the last quarter. GeoWealth Management LLC increased its holdings in shares of HDFC Bank by 37.6% during the fourth quarter. GeoWealth Management LLC now owns 4,688 shares of the bank’s stock valued at $299,000 after purchasing an additional 1,280 shares during the period. Capital International Sarl raised its stake in shares of HDFC Bank by 17.1% during the fourth quarter. Capital International Sarl now owns 22,556 shares of the bank’s stock valued at $1,440,000 after purchasing an additional 3,294 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in HDFC Bank by 2,739.2% in the fourth quarter. Marshall Wace LLP now owns 366,796 shares of the bank’s stock worth $23,424,000 after purchasing an additional 353,877 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on HDB. 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 report on Thursday, January 23rd.

HDFC Bank Trading Up 4.2 %

HDFC Bank stock opened at $72.19 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $72.34. The company’s fifty day simple moving average is $63.27 and its 200-day simple moving average is $63.01. 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 (NYSE:HDB) last issued 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 return on equity of 12.19% and a net margin of 14.64%. As a group, sell-side analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal 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.