Dorsey & Whitney Trust CO LLC Grows Holdings in HDFC Bank Limited (NYSE:HDB)

Dorsey & Whitney Trust CO LLC raised its position in HDFC Bank Limited (NYSE:HDB) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,383 shares of the bank’s stock after buying an additional 803 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in HDFC Bank were worth $408,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in HDFC Bank by 2,092.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock valued at $213,851,000 after buying an additional 3,262,442 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in HDFC Bank by 172.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock valued at $215,909,000 after buying an additional 2,140,591 shares in the last quarter. FMR LLC increased its holdings in HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after buying an additional 1,114,210 shares in the last quarter. DJE Kapital AG purchased a new position in HDFC Bank in the fourth quarter valued at $54,055,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in HDFC Bank by 177.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,075,131 shares of the bank’s stock valued at $69,719,000 after buying an additional 687,811 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

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

HDFC Bank Stock Down 0.4 %

HDB stock opened at $58.85 on Tuesday. The stock has a market capitalization of $149.01 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.12 and a beta of 0.92. The firm has a 50-day simple moving average of $60.26 and a 200-day simple moving average of $62.44. 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 $54.07 and a 52 week high of $68.50.

HDFC Bank (NYSE:HDB) last released its 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%. Equities analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal 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.