Jacobson & Schmitt Advisors LLC Has $10.43 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Jacobson & Schmitt Advisors LLC grew its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 163,272 shares of the bank's stock after purchasing an additional 4,580 shares during the period. HDFC Bank makes up approximately 2.0% of Jacobson & Schmitt Advisors LLC's investment portfolio, making the stock its 25th largest holding. Jacobson & Schmitt Advisors LLC's holdings in HDFC Bank were worth $10,427,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank's stock valued at $213,851,000 after buying an additional 3,262,442 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of HDFC Bank by 172.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock valued at $215,909,000 after acquiring an additional 2,140,591 shares during the period. FMR LLC raised its holdings in HDFC Bank by 19.3% during the third quarter. FMR LLC now owns 6,878,824 shares of the bank's stock worth $430,339,000 after purchasing an additional 1,114,210 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in HDFC Bank by 177.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,075,131 shares of the bank's stock worth $69,719,000 after purchasing an additional 687,811 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in HDFC Bank by 570.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,849 shares of the bank's stock valued at $42,406,000 after purchasing an additional 576,743 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Price Performance

Shares of NYSE HDB traded down $0.04 during mid-day trading on Friday, reaching $59.55. The company had a trading volume of 1,339,804 shares, compared to its average volume of 2,635,328. HDFC Bank Limited has a 1-year low of $53.00 and a 1-year high of $68.50. The stock has a market cap of $150.79 billion, a PE ratio of 18.09, a P/E/G ratio of 2.17 and a beta of 0.91. 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 company has a 50-day moving average price of $61.51 and a two-hundred day moving average price of $62.39.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analysts Set New Price Targets

HDB has been the topic of a number of research reports. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th. Finally, Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note 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.