FIL Ltd Acquires 2,599,337 Shares of HDFC Bank Limited (NYSE:HDB)

FIL Ltd raised its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,467,131 shares of the bank's stock after buying an additional 2,599,337 shares during the period. HDFC Bank accounts for 1.0% of FIL Ltd's holdings, making the stock its 15th largest holding. FIL Ltd owned approximately 0.69% of HDFC Bank worth $1,115,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Waverton Investment Management Ltd grew its position in HDFC Bank by 1.0% during the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank's stock worth $1,275,000 after acquiring an additional 203 shares during the last quarter. Brown Brothers Harriman & Co. grew 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 worth $39,000 after purchasing an additional 240 shares during the last quarter. Level Four Advisory Services LLC increased its stake in shares of HDFC Bank by 3.6% in the fourth quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank's stock valued at $438,000 after buying an additional 241 shares during the period. Baron Wealth Management LLC boosted its position in HDFC Bank by 3.7% during the 4th quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank's stock worth $470,000 after buying an additional 263 shares during the period. Finally, Principal Securities Inc. grew its holdings in HDFC Bank by 13.0% during the 4th quarter. Principal Securities Inc. now owns 2,305 shares of the bank's stock worth $147,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Up 3.5 %

HDFC Bank stock traded up $2.31 during trading hours on Friday, reaching $67.34. 3,057,208 shares of the company's stock were exchanged, compared to its average volume of 2,746,582. The firm has a market capitalization of $170.52 billion, a PE ratio of 20.47, a PEG ratio of 2.12 and a beta of 0.68. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm's 50 day simple moving average is $62.38 and its 200 day simple moving average is $62.76. HDFC Bank Limited has a twelve month low of $54.99 and a twelve month high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping 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%. Research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HDB. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd.

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.