Bessemer Group Inc. Grows Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Bessemer Group Inc. increased its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 559,231 shares of the bank's stock after purchasing an additional 10,770 shares during the quarter. Bessemer Group Inc.'s holdings in HDFC Bank were worth $35,713,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Quantinno Capital Management LP grew its holdings in shares of HDFC Bank by 28.4% in the third quarter. Quantinno Capital Management LP now owns 20,990 shares of the bank's stock worth $1,313,000 after acquiring an additional 4,638 shares during the period. Stifel Financial Corp boosted its position in HDFC Bank by 14.3% in the third quarter. Stifel Financial Corp now owns 89,712 shares of the bank's stock worth $5,612,000 after purchasing an additional 11,200 shares during the last quarter. State Street Corp grew its stake in shares of HDFC Bank by 15.8% during the 3rd quarter. State Street Corp now owns 513,684 shares of the bank's stock valued at $32,136,000 after purchasing an additional 70,071 shares during the period. MML Investors Services LLC increased its position in shares of HDFC Bank by 37.9% during the 3rd quarter. MML Investors Services LLC now owns 46,266 shares of the bank's stock valued at $2,894,000 after purchasing an additional 12,723 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of HDFC Bank by 60.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank's stock worth $19,830,000 after purchasing an additional 119,050 shares during the period. Institutional investors own 17.61% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on HDB shares. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.

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HDFC Bank Stock Up 3.1 %

NYSE HDB opened at $65.76 on Thursday. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $68.50. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $166.52 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68. The stock's 50-day moving average price is $62.15 and its 200-day moving average price is $62.78.

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 net margin of 14.64% and a return on equity of 12.19%. On average, equities research analysts predict that HDFC Bank Limited will post 3.03 earnings per share 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.

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