Whipplewood Advisors LLC Takes Position in HDFC Bank Limited (NYSE:HDB)

Whipplewood Advisors LLC bought a new position in HDFC Bank Limited (NYSE:HDB) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 459 shares of the bank’s stock, valued at approximately $29,000.

Other hedge funds also recently made changes to their positions in the company. Trinity Street Asset Management LLP grew its holdings in HDFC Bank by 7.4% during the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock valued at $234,641,000 after buying an additional 252,600 shares in the last quarter. Citigroup Inc. grew its holdings in shares of HDFC Bank by 21.1% in the third quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock valued at $71,559,000 after purchasing an additional 199,582 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in HDFC Bank by 60.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock worth $19,830,000 after purchasing an additional 119,050 shares during the last quarter. Zurich Insurance Group Ltd FI raised its stake in HDFC Bank by 34.7% during the third quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock valued at $8,572,000 after purchasing an additional 35,291 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in HDFC Bank by 13.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock valued at $15,114,000 after purchasing an additional 28,500 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 2.1 %

NYSE HDB opened at $61.63 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 52 week low of $53.19 and a 52 week high of $68.50. The firm has a market capitalization of $156.07 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 2.12 and a beta of 0.91. The company has a fifty day moving average of $60.89 and a two-hundred day moving average of $62.44.

HDFC Bank (NYSE:HDB) last released its quarterly 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%. On average, analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

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