Nicola Wealth Management LTD. Has $10.41 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Nicola Wealth Management LTD. increased its holdings in HDFC Bank Limited (NYSE:HDB) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,000 shares of the bank’s stock after acquiring an additional 29,000 shares during the period. Nicola Wealth Management LTD.’s holdings in HDFC Bank were worth $10,409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in shares of HDFC Bank in the 4th quarter worth about $29,000. Pin Oak Investment Advisors Inc. increased its stake in 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 buying an additional 254 shares during the last quarter. Sierra Ocean LLC purchased a new stake in HDFC Bank in the 4th quarter valued at about $42,000. Kestra Investment Management LLC purchased a new stake in HDFC Bank in the 4th quarter valued at about $60,000. Finally, JFS Wealth Advisors LLC increased its stake in HDFC Bank by 52.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock valued at $65,000 after buying an additional 351 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Ratings Changes

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

HDFC Bank Trading Down 1.5 %

Shares of HDB stock opened at $60.68 on Tuesday. The company has a 50 day moving average of $60.80 and a 200-day moving average of $62.47. The firm has a market cap of $153.66 billion, a P/E ratio of 18.44, a PEG ratio of 2.12 and a beta of 0.91. HDFC Bank Limited has a 12-month low of $54.07 and a 12-month high of $68.50. 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 (NYSE:HDB) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Sell-side analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

HDFC Bank 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.