DRW Securities LLC Takes Position in HDFC Bank Limited (NYSE:HDB)

DRW Securities LLC acquired a new position in HDFC Bank Limited (NYSE:HDB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,129 shares of the bank's stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HDB. GQG Partners LLC lifted its holdings in HDFC Bank by 74.4% during the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock valued at $503,431,000 after purchasing an additional 3,364,114 shares in the last quarter. Schroder Investment Management Group increased its stake in HDFC Bank by 82.1% in the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after buying an additional 3,160,533 shares during the period. FIL Ltd lifted its holdings in shares of HDFC Bank by 17.5% in the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after buying an additional 2,599,337 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in HDFC Bank by 172.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock valued at $215,909,000 after buying an additional 2,140,591 shares during the period. Finally, National Bank of Canada FI grew its position in shares of HDFC Bank by 3,535.1% in the 4th quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank's stock worth $122,718,000 after buying an additional 1,868,804 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HDB. Nomura raised 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.

HDFC Bank Stock Performance

Shares of HDB stock traded up $0.31 during mid-day trading on Wednesday, hitting $69.72. 1,505,017 shares of the stock were exchanged, compared to its average volume of 2,956,494. The stock has a market capitalization of $176.55 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 2.12 and a beta of 0.68. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $70.24. The stock's fifty day simple moving average is $62.64 and its two-hundred day simple moving average is $62.83. 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 earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate 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, analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current 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.