Marathon Asset Management Ltd Buys 17,892 Shares of HDFC Bank Limited (NYSE:HDB)

Marathon Asset Management Ltd increased its stake in HDFC Bank Limited (NYSE:HDB) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 598,251 shares of the bank’s stock after purchasing an additional 17,892 shares during the period. Marathon Asset Management Ltd’s holdings in HDFC Bank were worth $38,204,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HDB. Private Advisor Group LLC raised its position in HDFC Bank by 22.8% in the 3rd quarter. Private Advisor Group LLC now owns 9,550 shares of the bank’s stock worth $597,000 after purchasing an additional 1,773 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of HDFC Bank by 44.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,514 shares of the bank’s stock valued at $282,000 after acquiring an additional 1,398 shares during the last quarter. US Bancorp DE raised its position in shares of HDFC Bank by 38.1% during the 3rd quarter. US Bancorp DE now owns 139,865 shares of the bank’s stock valued at $8,750,000 after acquiring an additional 38,571 shares during the last quarter. Coronation Fund Managers Ltd. raised its position in shares of HDFC Bank by 2.2% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 217,838 shares of the bank’s stock valued at $13,628,000 after acquiring an additional 4,778 shares during the last quarter. Finally, BSW Wealth Partners raised its position in shares of HDFC Bank by 61.2% during the 3rd quarter. BSW Wealth Partners now owns 7,731 shares of the bank’s stock valued at $484,000 after acquiring an additional 2,934 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages 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 upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

HDFC Bank Price Performance

Shares of HDB stock opened at $61.63 on Monday. HDFC Bank Limited has a 12-month low of $53.19 and a 12-month high of $68.50. The firm has a market capitalization of $156.07 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 2.12 and a beta of 0.91. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a fifty day moving average of $60.89 and a 200-day moving average of $62.46.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) 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%. On average, equities research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

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.