American Century Companies Inc. Acquires 237,324 Shares of HDFC Bank Limited (NYSE:HDB)

American Century Companies Inc. lifted its stake in HDFC Bank Limited (NYSE:HDB) by 22.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,274,755 shares of the bank’s stock after buying an additional 237,324 shares during the period. American Century Companies Inc.’s holdings in HDFC Bank were worth $81,406,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in HDFC Bank by 105.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,503 shares of the bank’s stock valued at $407,000 after buying an additional 3,333 shares in the last quarter. Commerce Bank raised its stake in shares of HDFC Bank by 7.0% during the third quarter. Commerce Bank now owns 3,427 shares of the bank’s stock valued at $214,000 after acquiring an additional 225 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of HDFC Bank by 19.9% in the third quarter. Advisors Asset Management Inc. now owns 30,470 shares of the bank’s stock valued at $1,906,000 after purchasing an additional 5,066 shares during the period. Raymond James Trust N.A. grew its stake in HDFC Bank by 6.3% in the third quarter. Raymond James Trust N.A. now owns 7,771 shares of the bank’s stock worth $486,000 after purchasing an additional 458 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in HDFC Bank by 53.4% in the third quarter. Cerity Partners LLC now owns 64,710 shares of the bank’s stock worth $4,048,000 after purchasing an additional 22,523 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 2.0 %

Shares of NYSE:HDB opened at $65.81 on Tuesday. 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 company has a market capitalization of $166.66 billion, a PE ratio of 20.00, a P/E/G ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 12-month low of $54.07 and a 12-month high of $68.50. The business’s fifty day simple moving average is $60.41 and its 200-day simple moving average is $62.52.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HDB shares. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

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.