HDFC Bank Limited (NYSE:HDB) Stake Raised by Signaturefd LLC

Signaturefd LLC increased its holdings in HDFC Bank Limited (NYSE:HDB) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,362 shares of the bank’s stock after buying an additional 1,283 shares during the quarter. Signaturefd LLC’s holdings in HDFC Bank were worth $2,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Temasek Holdings Private Ltd grew its stake in shares of HDFC Bank by 1.6% in the third quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock worth $523,453,000 after purchasing an additional 132,445 shares in the last quarter. FMR LLC grew its position in HDFC Bank by 19.3% in the 3rd 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. Franklin Resources Inc. increased its stake in HDFC Bank by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock valued at $420,477,000 after buying an additional 560,880 shares during the period. Wellington Management Group LLP raised its position in shares of HDFC Bank by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock worth $317,141,000 after buying an additional 108,312 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of 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 acquiring an additional 51,736 shares during the period. 17.61% of the stock is owned by institutional investors.

HDFC Bank Trading Up 1.6 %

HDFC Bank stock opened at $61.66 on Tuesday. The firm has a market cap of $156.13 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 1 year low of $54.07 and a 1 year high of $68.50. The firm’s 50 day moving average price is $60.00 and its two-hundred day moving average price is $62.43. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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