Nomura Asset Management Co. Ltd. Has $20.37 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Nomura Asset Management Co. Ltd. grew its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 319,044 shares of the bank’s stock after acquiring an additional 2,070 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in HDFC Bank were worth $20,374,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in HDFC Bank during the 4th quarter valued at about $29,000. Graney & King LLC purchased a new position in shares of HDFC Bank during the fourth quarter valued at approximately $38,000. Sierra Ocean LLC purchased a new position in shares of HDFC Bank during the fourth quarter valued at approximately $42,000. Kestra Investment Management LLC bought a new stake in HDFC Bank during the fourth quarter worth $60,000. Finally, JFS Wealth Advisors LLC raised its position in HDFC Bank by 52.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock valued at $65,000 after buying an additional 351 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $66.15 on Friday. The firm has a market capitalization of $167.50 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The business’s fifty day simple moving average is $61.01 and its 200 day simple moving average is $62.66. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $68.50.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping 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%. As a group, analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analyst Weigh In

HDB has been the topic of a number of analyst reports. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

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.