State of Wyoming Has $634,000 Stock Holdings in HDFC Bank Limited (NYSE:HDB)

State of Wyoming grew its stake in HDFC Bank Limited (NYSE:HDB) by 29.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,924 shares of the bank’s stock after buying an additional 2,260 shares during the period. State of Wyoming’s holdings in HDFC Bank were worth $634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Steadfast Capital Management LP acquired a new stake in shares of HDFC Bank in the fourth quarter valued at about $11,763,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of HDFC Bank in the fourth quarter valued at about $13,316,000. Royal Bank of Canada increased its stake in shares of HDFC Bank by 43.0% in the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank’s stock valued at $466,629,000 after buying an additional 2,196,315 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of HDFC Bank in the fourth quarter valued at about $10,214,000. Finally, Quantinno Capital Management LP grew its stake in HDFC Bank by 71.4% during the fourth quarter. Quantinno Capital Management LP now owns 35,972 shares of the bank’s stock worth $2,297,000 after purchasing an additional 14,982 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HDB shares. StockNews.com raised HDFC Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Trading Down 0.5%

NYSE HDB opened at $72.95 on Monday. The business has a 50 day simple moving average of $68.26 and a 200 day simple moving average of $64.47. The stock has a market capitalization of $184.74 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.12 and a beta of 0.63. 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 Limited has a one year low of $55.00 and a one year high of $75.37.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

HDFC Bank Company 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.