Flossbach Von Storch SE Buys 18,150 Shares of HDFC Bank Limited (NYSE:HDB)

Flossbach Von Storch SE boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,033,520 shares of the bank’s stock after purchasing an additional 18,150 shares during the period. Flossbach Von Storch SE’s holdings in HDFC Bank were worth $66,001,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. increased its holdings in HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after purchasing an additional 254 shares during the period. Northwest Investment Counselors LLC purchased a new position in HDFC Bank during the 3rd quarter valued at about $38,000. Sierra Ocean LLC purchased a new position in shares of HDFC Bank during the 4th quarter worth approximately $42,000. JFS Wealth Advisors LLC grew its holdings in shares of HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after acquiring an additional 275 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in shares of HDFC Bank during the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HDB. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Stock Performance

HDFC Bank stock opened at $60.76 on Thursday. 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 company has a market capitalization of $153.85 billion, a P/E ratio of 18.47, a PEG ratio of 1.66 and a beta of 0.91. The stock’s 50 day moving average is $61.65 and its 200 day moving average is $62.41. HDFC Bank Limited has a twelve month low of $53.00 and a twelve month high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, equities research analysts predict that HDFC Bank Limited will post 3.09 earnings per share for the current fiscal 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.