Madison Investment Advisors LLC Acquires Shares of 75,341 HDFC Bank Limited (NYSE:HDB)

Madison Investment Advisors 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 filing with the Securities & Exchange Commission. The institutional investor bought 75,341 shares of the bank's stock, valued at approximately $4,811,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Whipplewood Advisors LLC purchased a new position in HDFC Bank during the fourth quarter valued at approximately $29,000. Pin Oak Investment Advisors Inc. grew its stake in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock worth $31,000 after purchasing an additional 254 shares during the period. Sierra Ocean LLC purchased a new position in shares of HDFC Bank during the 4th quarter valued at approximately $42,000. Kestra Investment Management LLC acquired a new position in shares of HDFC Bank in the 4th quarter valued at $60,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in HDFC Bank during the third quarter worth $65,000. Institutional investors and hedge funds own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

HDB has been the subject of a number of recent analyst reports. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th.

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HDFC Bank Price Performance

NYSE:HDB traded up $0.74 during trading hours on Tuesday, hitting $62.36. 2,875,193 shares of the stock were exchanged, compared to its average volume of 2,501,594. The firm's fifty day moving average price is $60.00 and its 200 day moving average price is $62.43. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50. The company has a market cap of $157.91 billion, a P/E ratio of 18.95, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly 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%. As a group, equities research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal 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.