HDFC Bank Limited (NYSE:HDB) Stake Increased by Channing Global Advisors LLC

Channing Global Advisors LLC increased its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 20.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,560 shares of the bank's stock after buying an additional 7,156 shares during the quarter. HDFC Bank comprises 1.8% of Channing Global Advisors LLC's portfolio, making the stock its 18th largest holding. Channing Global Advisors LLC's holdings in HDFC Bank were worth $2,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HDB. Pin Oak Investment Advisors Inc. grew its holdings in HDFC Bank by 104.1% in 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 in the last quarter. Northwest Investment Counselors LLC bought a new position in HDFC Bank in the 3rd quarter worth approximately $38,000. JFS Wealth Advisors LLC grew its holdings in HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after buying an additional 275 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in HDFC Bank during the 3rd quarter valued at $65,000. Finally, GAMMA Investing LLC boosted its stake in HDFC Bank by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank's stock valued at $76,000 after purchasing an additional 312 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on HDB. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

HDFC Bank Price Performance

Shares of NYSE:HDB traded up $0.12 on Friday, reaching $60.29. 2,209,389 shares of the company traded hands, compared to its average volume of 2,622,650. HDFC Bank Limited has a fifty-two week low of $53.00 and a fifty-two week high of $68.50. The company's 50 day moving average is $62.08 and its 200-day moving average is $62.38. The stock has a market capitalization of $152.68 billion, a PE ratio of 18.33, a P/E/G ratio of 1.70 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating 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, analysts anticipate that HDFC Bank Limited will post 3.09 earnings per share for the current fiscal year.

About HDFC Bank

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.