Invesco Ltd. raised its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,952,895 shares of the bank's stock after acquiring an additional 859,529 shares during the quarter. Invesco Ltd. owned approximately 0.24% of HDFC Bank worth $380,152,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new position in HDFC Bank in the 4th quarter worth approximately $29,000. Graney & King LLC purchased a new position in shares of HDFC Bank in the fourth quarter worth $38,000. Brown Brothers Harriman & Co. boosted its position in shares of HDFC Bank by 63.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after acquiring an additional 240 shares during the last quarter. Sierra Ocean LLC purchased a new position in HDFC Bank during the fourth quarter valued at $42,000. Finally, Atlas Capital Advisors Inc. bought a new stake in HDFC Bank in the 4th quarter valued at $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 subject of several research analyst reports. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd.
Check Out Our Latest Stock Report on HDB
HDFC Bank Stock Up 3.2 %
Shares of HDFC Bank stock traded up $2.13 during trading on Tuesday, hitting $69.51. 2,108,793 shares of the stock traded hands, compared to its average volume of 2,759,829. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock's fifty day simple moving average is $62.49 and its 200 day simple moving average is $62.78. The firm has a market cap of $176.02 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $70.11.
HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share 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%. On average, equities analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.
About HDFC Bank
(
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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