Ninety One UK Ltd Acquires 569 Shares of HDFC Bank Limited (NYSE:HDB)

Ninety One UK Ltd lifted its holdings in HDFC Bank Limited (NYSE:HDB) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 850,989 shares of the bank’s stock after acquiring an additional 569 shares during the period. Ninety One UK Ltd’s holdings in HDFC Bank were worth $54,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. lifted 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 valued at $31,000 after purchasing an additional 254 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in HDFC Bank in the third quarter worth $38,000. JFS Wealth Advisors LLC boosted its stake in HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares during the period. RPg Family Wealth Advisory LLC bought a new position in HDFC Bank during the third quarter valued at $65,000. Finally, GAMMA Investing LLC raised its stake in shares of HDFC Bank by 34.6% in the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after acquiring an additional 312 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Trading Up 2.1 %

NYSE HDB opened at $61.13 on Wednesday. The stock has a market cap of $154.79 billion, a PE ratio of 18.58, a PEG ratio of 1.67 and a beta of 0.91. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50. The company’s 50-day moving average price is $63.21 and its 200-day moving average price is $62.37. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS 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%. Equities research analysts forecast that HDFC Bank Limited will post 3.09 earnings per share for the current 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.