Capital World Investors Raises Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Capital World Investors lifted its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,771,588 shares of the bank's stock after acquiring an additional 7,189 shares during the period. Capital World Investors owned approximately 0.23% of HDFC Bank worth $368,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in HDFC Bank by 94.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,059,154 shares of the bank's stock valued at $67,638,000 after buying an additional 513,202 shares during the period. First Trust Advisors LP lifted its stake in shares of HDFC Bank by 111.7% during the 4th quarter. First Trust Advisors LP now owns 39,109 shares of the bank's stock worth $2,498,000 after buying an additional 20,633 shares during the last quarter. GeoWealth Management LLC increased its stake in shares of HDFC Bank by 37.6% during the fourth quarter. GeoWealth Management LLC now owns 4,688 shares of the bank's stock worth $299,000 after purchasing an additional 1,280 shares during the period. Capital International Sarl increased its position in HDFC Bank by 17.1% during the 4th quarter. Capital International Sarl now owns 22,556 shares of the bank's stock worth $1,440,000 after buying an additional 3,294 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of HDFC Bank by 2,739.2% in the fourth quarter. Marshall Wace LLP now owns 366,796 shares of the bank's stock valued at $23,424,000 after acquiring an additional 353,877 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HDB shares. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. StockNews.com raised HDFC Bank from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd.

HDFC Bank Price Performance

NYSE HDB traded up $0.17 during trading on Friday, reaching $72.17. The company's stock had a trading volume of 2,774,606 shares, compared to its average volume of 2,822,020. The stock has a market capitalization of $182.76 billion, a PE ratio of 21.94, a P/E/G ratio of 2.12 and a beta of 0.68. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank Limited has a one year low of $54.99 and a one year high of $75.37. The firm has a fifty day moving average of $64.31 and a 200 day moving average of $63.35.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. Analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.