HighTower Advisors LLC Raises Stock Holdings in HDFC Bank Limited (NYSE:HDB)

HighTower Advisors LLC increased its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 229,855 shares of the bank's stock after acquiring an additional 9,706 shares during the quarter. HighTower Advisors LLC's holdings in HDFC Bank were worth $14,679,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in HDFC Bank during the fourth quarter valued at approximately $29,000. Pin Oak Investment Advisors Inc. lifted its position in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after purchasing an additional 254 shares during the last quarter. Sierra Ocean LLC bought a new stake in HDFC Bank during the fourth quarter valued at approximately $42,000. Kestra Investment Management LLC bought a new stake in HDFC Bank during the fourth quarter valued at approximately $60,000. Finally, JFS Wealth Advisors LLC lifted its position in HDFC Bank by 52.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank's stock valued at $65,000 after purchasing an additional 351 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Trading Up 1.1 %

Shares of HDB traded up $0.68 during mid-day trading on Thursday, reaching $63.85. The company's stock had a trading volume of 3,932,169 shares, compared to its average volume of 2,512,606. The stock has a market cap of $161.67 billion, a PE ratio of 19.41, a P/E/G ratio of 2.12 and a beta of 0.92. 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 Limited has a 52 week low of $54.07 and a 52 week high of $68.50. The company's fifty day moving average price is $60.07 and its two-hundred day moving average price is $62.44.

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HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HDB has been the subject of several research analyst reports. StockNews.com lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report 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.