Ninety One North America Inc. Acquires 7,818 Shares of HDFC Bank Limited (NYSE:HDB)

Ninety One North America Inc. increased its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,976 shares of the bank's stock after purchasing an additional 7,818 shares during the period. Ninety One North America Inc.'s holdings in HDFC Bank were worth $4,086,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HDB. Pin Oak Investment Advisors Inc. raised its stake in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after buying an additional 254 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in HDFC Bank in the third quarter valued at about $38,000. JFS Wealth Advisors LLC raised its position in HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after purchasing an additional 275 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in HDFC Bank in the third quarter worth about $65,000. Finally, GAMMA Investing LLC lifted its stake in HDFC Bank by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank's stock worth $76,000 after purchasing an additional 312 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HDB shares. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report 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. Finally, StockNews.com downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th.

HDFC Bank Price Performance

HDB traded down $0.73 during trading on Friday, hitting $61.22. The company's stock had a trading volume of 1,442,335 shares, compared to its average volume of 2,672,406. The firm's 50 day moving average price is $62.87 and its two-hundred day moving average price is $62.37. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $155.03 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.67 and a beta of 0.91. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS 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%. Sell-side analysts forecast that HDFC Bank Limited will post 3.09 earnings per share for the current fiscal year.

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.