HDFC Bank Limited (NYSE:HDB) Position Increased by Mariner LLC

Mariner LLC lifted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,783 shares of the bank's stock after buying an additional 3,868 shares during the quarter. Mariner LLC's holdings in HDFC Bank were worth $4,009,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Stamos Capital Partners L.P. raised its holdings in shares of HDFC Bank by 30.7% in the 4th quarter. Stamos Capital Partners L.P. now owns 27,400 shares of the bank's stock worth $1,750,000 after purchasing an additional 6,440 shares during the period. Sagespring Wealth Partners LLC acquired a new position in shares of HDFC Bank during the fourth quarter worth about $366,000. Townsquare Capital LLC boosted its holdings in HDFC Bank by 2.0% in the 4th quarter. Townsquare Capital LLC now owns 64,178 shares of the bank's stock worth $4,098,000 after acquiring an additional 1,288 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of HDFC Bank by 1.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 103,627 shares of the bank's stock valued at $6,618,000 after purchasing an additional 1,436 shares during the period. Finally, Sterling Capital Management LLC grew its stake in shares of HDFC Bank by 21.8% during the fourth quarter. Sterling Capital Management LLC now owns 7,895 shares of the bank's stock valued at $504,000 after acquiring an additional 1,413 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

Analysts Set New Price Targets

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

HDFC Bank Stock Performance

Shares of NYSE HDB traded down $0.26 during midday trading on Thursday, reaching $72.03. 2,237,773 shares of the company traded hands, compared to its average volume of 2,817,125. The company has a market cap of $182.40 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.12 and a beta of 0.68. The stock has a 50-day moving average price of $64.08 and a 200 day moving average price of $63.26. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $75.37. 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 (NYSE:HDB - Get Free Report) last issued its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The company had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. Sell-side analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

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.