19,900 Shares in HDFC Bank Limited (NYSE:HDB) Acquired by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,900 shares of the bank's stock, valued at approximately $1,271,000.

Several other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in HDFC Bank by 105.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,503 shares of the bank's stock worth $407,000 after acquiring an additional 3,333 shares during the period. Glenmede Trust Co. NA lifted its position in shares of HDFC Bank by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock worth $301,000 after purchasing an additional 167 shares during the last quarter. Captrust Financial Advisors boosted its stake in HDFC Bank by 17.4% during the 3rd quarter. Captrust Financial Advisors now owns 43,434 shares of the bank's stock valued at $2,717,000 after purchasing an additional 6,443 shares during the period. Verition Fund Management LLC bought a new position in HDFC Bank in the 3rd quarter worth approximately $997,000. Finally, Hilltop Holdings Inc. acquired a new position in shares of HDFC Bank during the third quarter worth approximately $222,000. 17.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on HDB shares. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.

HDFC Bank Price Performance

HDFC Bank stock traded down $1.02 during trading hours on Wednesday, hitting $62.79. 1,700,574 shares of the stock were exchanged, compared to its average volume of 2,746,342. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $68.50. The business's 50-day moving average is $61.95 and its two-hundred day moving average is $62.76. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $159.00 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.12 and a beta of 0.68.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating 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%. Equities research analysts expect that HDFC Bank Limited will post 3.03 EPS 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.