29,271 Shares in HDFC Bank Limited (NYSE:HDB) Bought by Empirical Asset Management LLC

Empirical Asset Management LLC bought a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,271 shares of the bank's stock, valued at approximately $1,869,000.

A number of other institutional investors have also recently made changes to their positions in HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of HDFC Bank by 2,092.8% in the third 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 acquiring an additional 3,262,442 shares during the period. TPG GP A LLC purchased a new stake in shares of HDFC Bank in the second quarter worth about $95,637,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of HDFC Bank by 130.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank's stock valued at $140,593,000 after acquiring an additional 1,236,100 shares during the period. FMR LLC raised its position in shares of HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank's stock worth $430,339,000 after buying an additional 1,114,210 shares in the last quarter. Finally, Eminence Capital LP bought a new stake in HDFC Bank during the second quarter valued at $68,340,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Down 0.4 %

HDB stock traded down $0.25 during midday trading on Friday, hitting $58.39. The company's stock had a trading volume of 1,797,510 shares, compared to its average volume of 2,000,910. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50. The company has a market cap of $147.87 billion, a PE ratio of 17.75, a P/E/G ratio of 1.67 and a beta of 0.92. The firm's 50-day moving average is $64.02 and its 200-day moving average is $62.57.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.09. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, equities research analysts forecast that HDFC Bank Limited will post 3.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of 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.