Bank Julius Baer & Co. Ltd Zurich Buys Shares of 41,250 HDFC Bank Limited (NYSE:HDB)

Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of HDFC Bank Limited (NYSE:HDB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 41,250 shares of the bank’s stock, valued at approximately $2,907,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HDB. Wealth Enhancement Advisory Services LLC grew its holdings in HDFC Bank by 44.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,514 shares of the bank’s stock valued at $282,000 after buying an additional 1,398 shares in the last quarter. Principal Financial Group Inc. grew its holdings in HDFC Bank by 31.5% in the 3rd quarter. Principal Financial Group Inc. now owns 47,225 shares of the bank’s stock valued at $2,954,000 after buying an additional 11,319 shares in the last quarter. Atria Investments Inc grew its holdings in HDFC Bank by 9.4% in the 3rd quarter. Atria Investments Inc now owns 48,111 shares of the bank’s stock valued at $3,010,000 after buying an additional 4,119 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in HDFC Bank by 7.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 69,492 shares of the bank’s stock valued at $4,347,000 after buying an additional 4,764 shares in the last quarter. Finally, River Global Investors LLP lifted its position in shares of HDFC Bank by 4.5% during the 3rd quarter. River Global Investors LLP now owns 28,324 shares of the bank’s stock valued at $1,772,000 after acquiring an additional 1,228 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of HDB stock opened at $59.08 on Monday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a twelve month low of $54.07 and a twelve month high of $68.50. The company has a market cap of $149.60 billion, a P/E ratio of 17.96, a P/E/G ratio of 2.12 and a beta of 0.92. The business has a fifty day simple moving average of $60.37 and a 200 day simple moving average of $62.45.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data 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, sell-side analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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