HDFC Bank Limited (NYSE:HDB) Holdings Raised by Aviva PLC

Aviva PLC increased its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 11.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,072 shares of the bank's stock after purchasing an additional 4,799 shares during the quarter. Aviva PLC's holdings in HDFC Bank were worth $3,006,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ovata Capital Management Ltd lifted its position in shares of HDFC Bank by 89.7% during the fourth quarter. Ovata Capital Management Ltd now owns 690,320 shares of the bank's stock worth $43,863,000 after purchasing an additional 326,400 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in HDFC Bank during the 4th quarter worth $1,271,000. Pinpoint Asset Management Ltd boosted its position in shares of HDFC Bank by 119.3% in the 4th quarter. Pinpoint Asset Management Ltd now owns 122,456 shares of the bank's stock valued at $7,820,000 after purchasing an additional 66,606 shares during the period. Atlas Capital Advisors Inc. purchased a new position in shares of HDFC Bank during the fourth quarter worth approximately $56,000. Finally, Pitcairn Co. raised its holdings in shares of HDFC Bank by 1.8% in the fourth quarter. Pitcairn Co. now owns 22,903 shares of the bank's stock valued at $1,463,000 after buying an additional 414 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

HDFC Bank Stock Up 3.3 %

HDB stock traded up $2.24 during midday trading on Tuesday, hitting $69.62. 1,836,671 shares of the company's stock were exchanged, compared to its average volume of 2,758,498. The stock has a market capitalization of $176.29 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68. 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 firm has a 50 day moving average price of $62.49 and a 200-day moving average price of $62.78. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $70.11.

HDFC Bank (NYSE:HDB - Get Free Report) 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 return on equity of 12.19% and a net margin of 14.64%. On average, analysts anticipate 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.