Murphy & Mullick Capital Management Corp Purchases Shares of 6,785 HDFC Bank Limited (NYSE:HDB)

Murphy & Mullick Capital Management Corp acquired a new stake in HDFC Bank Limited (NYSE:HDB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,785 shares of the bank’s stock, valued at approximately $433,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HDB. Glenmede Trust Co. NA raised its holdings in HDFC Bank by 3.6% in the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after purchasing an additional 167 shares in the last quarter. Waverton Investment Management Ltd boosted its holdings in shares of HDFC Bank by 1.0% during the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank’s stock valued at $1,275,000 after buying an additional 203 shares in the last quarter. Commerce Bank grew its position in shares of HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after buying an additional 225 shares during the period. Pin Oak Investment Advisors Inc. increased its stake in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after acquiring an additional 254 shares in the last quarter. Finally, Baron Wealth Management LLC lifted its position in HDFC Bank by 3.7% during the 4th quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock valued at $470,000 after acquiring an additional 263 shares during the period. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Up 0.2 %

Shares of HDFC Bank stock opened at $65.90 on Wednesday. The company has a 50-day simple moving average of $60.56 and a two-hundred day simple moving average of $62.56. The stock has a market capitalization of $166.88 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09.

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 analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

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

HDFC Bank 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.