Blue Trust Inc. Acquires 14,474 Shares of HDFC Bank Limited (NYSE:HDB)

Blue Trust Inc. raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 56.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,933 shares of the bank’s stock after purchasing an additional 14,474 shares during the period. Blue Trust Inc.’s holdings in HDFC Bank were worth $2,498,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Temasek Holdings Private Ltd increased its position in HDFC Bank by 1.6% during the 3rd quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock valued at $523,453,000 after buying an additional 132,445 shares in the last quarter. FMR LLC grew its stake in shares of HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after acquiring an additional 1,114,210 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of HDFC Bank by 9.0% during the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock valued at $420,477,000 after acquiring an additional 560,880 shares in the last quarter. Wellington Management Group LLP raised its position in shares of HDFC Bank by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock worth $317,141,000 after purchasing an additional 108,312 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in HDFC Bank by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock worth $302,970,000 after purchasing an additional 51,736 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.5 %

Shares of NYSE:HDB opened at $58.61 on Tuesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50. The company has a market cap of $148.43 billion, a P/E ratio of 17.82, a PEG ratio of 1.73 and a beta of 0.92. The stock’s fifty day moving average price is $63.69 and its 200-day moving average price is $62.39.

HDFC Bank (NYSE:HDB) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 11.78%. Sell-side analysts expect that HDFC Bank Limited will post 3.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on HDB shares. 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.

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.