31,299 Shares in HDFC Bank Limited (NYSE:HDB) Acquired by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 31,299 shares of the bank's stock, valued at approximately $1,999,000.

Several other hedge funds also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank's stock worth $213,851,000 after purchasing an additional 3,262,442 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of HDFC Bank by 172.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock worth $215,909,000 after purchasing an additional 2,140,591 shares during the last quarter. FMR LLC lifted its stake in shares of HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank's stock worth $430,339,000 after purchasing an additional 1,114,210 shares during the last quarter. DJE Kapital AG purchased a new stake in shares of HDFC Bank during the 4th quarter worth $54,055,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of HDFC Bank by 177.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,075,131 shares of the bank's stock worth $69,719,000 after purchasing an additional 687,811 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HDB shares. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. StockNews.com cut HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Finally, Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

HDFC Bank stock traded up $0.01 during midday trading on Friday, hitting $59.08. 2,790,099 shares of the company were exchanged, compared to its average volume of 2,617,727. The firm has a market capitalization of $149.60 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a fifty-two week low of $54.07 and a fifty-two week high of $68.50. The business has a fifty day simple moving average of $60.37 and a two-hundred day simple moving average of $62.42. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09.

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%. On average, sell-side analysts forecast 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.