Fisher Asset Management LLC Buys 325,999 Shares of HDFC Bank Limited (NYSE:HDB)

Fisher Asset Management LLC raised its stake in shares of HDFC Bank Limited (NYSE:HDB) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,955,982 shares of the bank’s stock after purchasing an additional 325,999 shares during the period. Fisher Asset Management LLC owned 0.16% of HDFC Bank worth $247,486,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Commerce Bank raised its position in HDFC Bank by 7.0% during the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after purchasing an additional 225 shares during the last quarter. UMB Bank n.a. grew its holdings in HDFC Bank by 5.4% during the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock worth $311,000 after acquiring an additional 248 shares during the period. Mount Yale Investment Advisors LLC grew its holdings in HDFC Bank by 4.2% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock worth $399,000 after acquiring an additional 257 shares during the period. JFS Wealth Advisors LLC grew its holdings in HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after acquiring an additional 275 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its holdings in HDFC Bank by 1.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 25,576 shares of the bank’s stock worth $1,600,000 after acquiring an additional 308 shares during the period. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $66.88 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The business has a 50-day moving average price of $63.11 and a two-hundred day moving average price of $61.29. The company has a market cap of $169.36 billion, a P/E ratio of 20.33, a PEG ratio of 1.71 and a beta of 0.91. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44.

HDFC Bank (NYSE:HDB) last issued its earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.76 by $0.09. The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. As a group, analysts anticipate that HDFC Bank Limited will post 3.15 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, November 8th.

About HDFC Bank

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.