US Bancorp DE Purchases 17,800 Shares of HDFC Bank Limited (NYSE:HDB)

US Bancorp DE increased its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,665 shares of the bank's stock after buying an additional 17,800 shares during the period. US Bancorp DE's holdings in HDFC Bank were worth $10,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HDB. Glenmede Trust Co. NA increased its holdings in HDFC Bank by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock valued at $301,000 after buying an additional 167 shares during the period. Waverton Investment Management Ltd boosted its position in shares of HDFC Bank by 1.0% during the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank's stock worth $1,275,000 after acquiring an additional 203 shares in the last quarter. Commerce Bank increased its stake in HDFC Bank by 7.0% in the third quarter. Commerce Bank now owns 3,427 shares of the bank's stock valued at $214,000 after acquiring an additional 225 shares during the last quarter. Pin Oak Investment Advisors Inc. raised 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 in the last quarter. Finally, Baron Wealth Management LLC lifted its stake in HDFC Bank by 3.7% during the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank's stock worth $470,000 after purchasing an additional 263 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

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HDFC Bank Price Performance

Shares of HDB traded up $0.01 during trading hours on Friday, reaching $59.08. The stock had a trading volume of 2,513,199 shares, compared to its average volume of 2,611,434. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. HDFC Bank Limited has a 12 month low of $54.07 and a 12 month high of $68.50. The stock has a market capitalization of $149.60 billion, a PE ratio of 17.96, a PEG ratio of 2.12 and a beta of 0.91. The company's 50-day moving average is $60.48 and its two-hundred day moving average is $62.43.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating analysts' consensus estimates 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 year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HDB shares. StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd.

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.