Northwest & Ethical Investments L.P. Has $2.25 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Northwest & Ethical Investments L.P. boosted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,303 shares of the bank’s stock after buying an additional 1,203 shares during the period. Northwest & Ethical Investments L.P.’s holdings in HDFC Bank were worth $2,254,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of HDFC Bank by 9.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 278,843 shares of the bank’s stock worth $17,807,000 after buying an additional 24,448 shares in the last quarter. iA Global Asset Management Inc. grew its stake in shares of HDFC Bank by 14.7% during the 4th quarter. iA Global Asset Management Inc. now owns 6,737 shares of the bank’s stock worth $430,000 after acquiring an additional 861 shares in the last quarter. Evoke Wealth LLC raised its holdings in shares of HDFC Bank by 4.4% in the fourth quarter. Evoke Wealth LLC now owns 10,272 shares of the bank’s stock valued at $656,000 after purchasing an additional 434 shares during the last quarter. PDS Planning Inc lifted its position in shares of HDFC Bank by 37.3% in the fourth quarter. PDS Planning Inc now owns 12,487 shares of the bank’s stock worth $797,000 after purchasing an additional 3,390 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in HDFC Bank by 4.3% during the fourth quarter. Signaturefd LLC now owns 31,362 shares of the bank’s stock worth $2,003,000 after purchasing an additional 1,283 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDB opened at $64.54 on Friday. The company has a market cap of $163.42 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The firm has a 50-day moving average of $60.26 and a 200-day moving average of $62.47. HDFC Bank Limited has a one year low of $54.07 and a one year high of $68.50. 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 (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping 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, equities analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analysts Set New Price Targets

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

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.