Flossbach Von Storch SE Buys 18,150 Shares of HDFC Bank Limited (NYSE:HDB)

Flossbach Von Storch SE increased its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,033,520 shares of the bank's stock after buying an additional 18,150 shares during the period. Flossbach Von Storch SE's holdings in HDFC Bank were worth $66,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of HDFC Bank by 2,567.2% in the 3rd quarter. CWM LLC now owns 3,094 shares of the bank's stock valued at $194,000 after purchasing an additional 2,978 shares during the period. Creative Planning increased its position in HDFC Bank by 26.0% during the third quarter. Creative Planning now owns 130,768 shares of the bank's stock worth $8,181,000 after buying an additional 26,983 shares during the last quarter. Raymond James & Associates raised its stake in HDFC Bank by 2.7% in the third quarter. Raymond James & Associates now owns 588,382 shares of the bank's stock valued at $36,809,000 after buying an additional 15,238 shares during the period. Northwest Investment Counselors LLC bought a new stake in HDFC Bank in the third quarter valued at approximately $38,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of HDFC Bank in the third quarter valued at approximately $1,049,000. 17.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, StockNews.com cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

HDFC Bank Stock Performance

Shares of NYSE:HDB traded down $0.12 during trading on Friday, reaching $59.46. 2,124,666 shares of the stock were exchanged, compared to its average volume of 2,660,034. HDFC Bank Limited has a 12 month low of $53.00 and a 12 month high of $68.50. The stock has a 50-day moving average price of $61.51 and a 200-day moving average price of $62.39. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a market cap of $150.56 billion, a PE ratio of 18.07, a PEG ratio of 2.17 and a beta of 0.91.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank 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.