Bank Pictet & Cie Europe AG Boosts Stock Position in HDFC Bank Limited (NYSE:HDB)

Bank Pictet & Cie Europe AG boosted its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 451.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,490 shares of the bank's stock after purchasing an additional 15,955 shares during the period. Bank Pictet & Cie Europe AG's holdings in HDFC Bank were worth $1,245,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. boosted its holdings 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 buying an additional 254 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of HDFC Bank in the 3rd quarter worth about $38,000. JFS Wealth Advisors LLC increased its stake in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after buying an additional 275 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of HDFC Bank in the third quarter valued at approximately $65,000. Finally, Brooklyn Investment Group lifted its stake in shares of HDFC Bank by 967.0% during the fourth quarter. Brooklyn Investment Group now owns 1,878 shares of the bank's stock valued at $120,000 after acquiring an additional 1,702 shares during the period. Institutional investors and hedge funds own 17.61% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HDB. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. StockNews.com downgraded 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 report on Thursday, January 23rd.

HDFC Bank Price Performance

NYSE HDB traded up $0.25 during trading on Wednesday, hitting $60.76. 2,488,057 shares of the company's stock were exchanged, compared to its average volume of 2,709,771. The stock's 50 day moving average price is $61.78 and its two-hundred day moving average price is $62.42. The company has a market cap of $153.85 billion, a PE ratio of 18.47, a P/E/G ratio of 1.66 and a beta of 0.91. 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 Limited has a fifty-two week low of $53.00 and a fifty-two week high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data 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%. Research analysts expect that HDFC Bank Limited will post 3.09 EPS for the current 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.