Axiom Investors LLC DE Acquires New Holdings in HDFC Bank Limited (NYSE:HDB)

Axiom Investors LLC DE 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 7,200 shares of the bank’s stock, valued at approximately $460,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HDB. Thrivent Financial for Lutherans grew its stake in shares of HDFC Bank by 105.1% in the third quarter. Thrivent Financial for Lutherans now owns 6,503 shares of the bank’s stock worth $407,000 after purchasing an additional 3,333 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of HDFC Bank by 62.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,846 shares of the bank’s stock valued at $241,000 after buying an additional 1,481 shares during the last quarter. Bank of Montreal Can increased its stake in shares of HDFC Bank by 44.0% in the third quarter. Bank of Montreal Can now owns 79,026 shares of the bank’s stock valued at $5,085,000 after buying an additional 24,159 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of HDFC Bank by 4.1% during the third quarter. The Manufacturers Life Insurance Company now owns 257,516 shares of the bank’s stock worth $16,110,000 after acquiring an additional 10,256 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted 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 valued at $301,000 after acquiring an additional 167 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Trading Up 0.7 %

NYSE HDB opened at $66.58 on Tuesday. HDFC Bank Limited has a one year low of $54.99 and a one year high of $68.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The business has a 50 day simple moving average of $61.17 and a 200 day simple moving average of $62.70. The stock has a market capitalization of $168.60 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Ratings Changes

HDB has been the subject of several analyst reports. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a 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.