DSM Capital Partners LLC Buys 17,605 Shares of HDFC Bank Limited (NYSE:HDB)

DSM Capital Partners LLC raised its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 31.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,905 shares of the bank's stock after buying an additional 17,605 shares during the quarter. DSM Capital Partners LLC's holdings in HDFC Bank were worth $4,720,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HDB. Trinity Street Asset Management LLP boosted its holdings in shares of HDFC Bank by 7.4% in the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock worth $234,641,000 after purchasing an additional 252,600 shares during the period. Citigroup Inc. boosted its holdings in shares of HDFC Bank by 21.1% in the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank's stock worth $71,559,000 after purchasing an additional 199,582 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings 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. Zurich Insurance Group Ltd FI boosted its holdings in shares of HDFC Bank by 34.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank's stock worth $8,572,000 after purchasing an additional 35,291 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of HDFC Bank by 13.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank's stock worth $15,114,000 after purchasing an additional 28,500 shares during the period. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Down 0.2 %

NYSE HDB traded down $0.12 on Friday, reaching $59.46. 2,124,666 shares of the stock traded hands, compared to its average volume of 2,660,034. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a fifty day moving average price of $61.36 and a 200-day moving average price of $62.40. The company has a market cap of $150.56 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.17 and a beta of 0.91. HDFC Bank Limited has a 12 month low of $53.00 and a 12 month high of $68.50.

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 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, research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report 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 Company 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.