US Bancorp DE Raises Stock Position in HDFC Bank Limited (NYSE:HDB)

US Bancorp DE grew its holdings in HDFC Bank Limited (NYSE:HDB) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,665 shares of the bank’s stock after acquiring an additional 17,800 shares during the period. US Bancorp DE’s holdings in HDFC Bank were worth $10,068,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new position in shares of HDFC Bank in the 4th quarter valued at $29,000. Pin Oak Investment Advisors Inc. grew its holdings in HDFC Bank by 104.1% during 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 in the last quarter. Sierra Ocean LLC acquired a new stake in HDFC Bank during the 4th quarter valued at $42,000. Kestra Investment Management LLC acquired a new stake in HDFC Bank during the 4th quarter valued at $60,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in HDFC Bank during the 3rd quarter valued at $65,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of HDB stock opened at $60.68 on Tuesday. The firm has a market cap of $153.66 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.12 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank Limited has a 1-year low of $54.07 and a 1-year high of $68.50. The firm has a fifty day moving average of $60.80 and a two-hundred day moving average of $62.47.

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

Analysts Set New Price Targets

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