HDFC Bank Limited (NYSE:HDB) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 115,776 shares of the bank's stock after acquiring an additional 17,173 shares during the quarter. LPL Financial LLC's holdings in HDFC Bank were worth $7,393,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of HDFC Bank in the fourth quarter worth $15,301,000. Sei Investments Co. boosted its holdings in HDFC Bank by 17.0% in the fourth quarter. Sei Investments Co. now owns 1,964,790 shares of the bank's stock valued at $125,471,000 after purchasing an additional 286,178 shares during the last quarter. American Century Companies Inc. grew its position in HDFC Bank by 22.9% during the 4th quarter. American Century Companies Inc. now owns 1,274,755 shares of the bank's stock worth $81,406,000 after purchasing an additional 237,324 shares during the period. Summit Global Investments raised its stake in shares of HDFC Bank by 46.8% during the 4th quarter. Summit Global Investments now owns 13,199 shares of the bank's stock valued at $843,000 after buying an additional 4,210 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of HDFC Bank by 8.7% in the 4th quarter. TD Private Client Wealth LLC now owns 5,337 shares of the bank's stock valued at $341,000 after buying an additional 428 shares during the period. Hedge funds and other institutional investors own 17.61% of the company's stock.

Wall Street Analyst Weigh In

HDB has been the topic of several analyst reports. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd.

HDFC Bank Price Performance

Shares of HDFC Bank stock traded down $0.87 during trading hours on Thursday, reaching $64.80. The stock had a trading volume of 2,596,266 shares, compared to its average volume of 2,756,528. The stock's 50 day moving average is $62.25 and its 200 day moving average is $62.77. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a twelve month low of $54.99 and a twelve month high of $68.50. The firm has a market capitalization of $164.08 billion, a PE ratio of 19.69, a PEG ratio of 2.12 and a beta of 0.68.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping 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%. Equities analysts expect 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.