Barings LLC Buys 11,643 Shares of HDFC Bank Limited (NYSE:HDB)

Barings LLC increased its stake in HDFC Bank Limited (NYSE:HDB) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 365,517 shares of the bank’s stock after purchasing an additional 11,643 shares during the quarter. HDFC Bank makes up approximately 0.6% of Barings LLC’s investment portfolio, making the stock its 22nd biggest position. Barings LLC’s holdings in HDFC Bank were worth $23,342,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HDB. Whipplewood Advisors LLC bought a new stake in HDFC Bank during the fourth quarter valued at about $29,000. Pin Oak Investment Advisors Inc. raised its holdings in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares during the period. Sierra Ocean LLC bought a new stake in HDFC Bank during the fourth quarter valued at about $42,000. Kestra Investment Management LLC bought a new stake in shares of HDFC Bank in the fourth quarter worth about $60,000. Finally, JFS Wealth Advisors LLC increased its holdings in shares of HDFC Bank by 52.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock worth $65,000 after purchasing an additional 351 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HDB has been the topic of several research reports. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

HDFC Bank Trading Up 0.0 %

HDB opened at $59.08 on Friday. The firm has a market cap of $149.60 billion, a P/E ratio of 17.96, a P/E/G ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 12 month low of $54.07 and a 12 month high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average of $60.37 and a 200 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 the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

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.