Dodge & Cox increased its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,271,600 shares of the bank's stock after acquiring an additional 356,300 shares during the quarter. Dodge & Cox owned about 0.13% of HDFC Bank worth $208,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in HDFC Bank in the fourth quarter worth $29,000. Graney & King LLC purchased a new stake in HDFC Bank during the 4th quarter valued at about $38,000. Brown Brothers Harriman & Co. increased its stake in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after purchasing an additional 240 shares in the last quarter. Sierra Ocean LLC purchased a new position in HDFC Bank in the fourth quarter worth about $42,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of HDFC Bank during the fourth quarter valued at approximately $56,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
HDB has been the topic of several analyst reports. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.
View Our Latest Stock Report on HDFC Bank
HDFC Bank Price Performance
HDB stock traded up $2.93 during trading on Friday, reaching $72.19. The company's stock had a trading volume of 5,530,201 shares, compared to its average volume of 2,802,875. The company's fifty day moving average is $63.27 and its 200-day moving average is $63.01. HDFC Bank Limited has a 1 year low of $54.99 and a 1 year high of $72.34. The company has a market capitalization of $182.80 billion, a P/E ratio of 21.94, a price-to-earnings-growth 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.
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 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%. On average, research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.
HDFC Bank Profile
(
Free Report)
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.
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