Fayez Sarofim & Co Purchases 3,555 Shares of HDFC Bank Limited (NYSE:HDB)

Fayez Sarofim & Co grew its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,100 shares of the bank's stock after purchasing an additional 3,555 shares during the quarter. Fayez Sarofim & Co's holdings in HDFC Bank were worth $5,562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Whipplewood Advisors LLC purchased a new position in HDFC Bank during the 4th quarter valued at about $29,000. Graney & King LLC bought a new position in shares of HDFC Bank during the fourth quarter valued at approximately $38,000. Brown Brothers Harriman & Co. lifted its holdings in shares of HDFC Bank by 63.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after purchasing an additional 240 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of HDFC Bank in the 4th quarter worth approximately $42,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of HDFC Bank in the 4th quarter worth approximately $56,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 0.2 %

HDB traded up $0.17 during trading on Friday, hitting $72.17. 2,922,107 shares of the company's stock traded hands, compared to its average volume of 2,827,154. The stock has a market capitalization of $182.76 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 2.12 and a beta of 0.68. The company's 50 day simple moving average is $64.54 and its two-hundred day simple moving average is $63.43. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $75.37. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The company had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. Analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HDB has been the subject of a number of recent research reports. StockNews.com upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research note on Thursday. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd.

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.