Marathon Asset Management Ltd Buys 17,892 Shares of HDFC Bank Limited (NYSE:HDB)

Marathon Asset Management Ltd raised its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 598,251 shares of the bank's stock after purchasing an additional 17,892 shares during the quarter. Marathon Asset Management Ltd's holdings in HDFC Bank were worth $38,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Private Advisor Group LLC grew its position in HDFC Bank by 22.8% during the third quarter. Private Advisor Group LLC now owns 9,550 shares of the bank's stock valued at $597,000 after buying an additional 1,773 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of HDFC Bank by 44.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,514 shares of the bank's stock worth $282,000 after purchasing an additional 1,398 shares during the last quarter. US Bancorp DE raised its holdings in shares of HDFC Bank by 38.1% in the 3rd quarter. US Bancorp DE now owns 139,865 shares of the bank's stock worth $8,750,000 after purchasing an additional 38,571 shares during the period. Coronation Fund Managers Ltd. lifted its stake in HDFC Bank by 2.2% in the third quarter. Coronation Fund Managers Ltd. now owns 217,838 shares of the bank's stock valued at $13,628,000 after purchasing an additional 4,778 shares during the last quarter. Finally, BSW Wealth Partners grew its holdings in HDFC Bank by 61.2% during the third quarter. BSW Wealth Partners now owns 7,731 shares of the bank's stock valued at $484,000 after purchasing an additional 2,934 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

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HDFC Bank Price Performance

Shares of HDB traded down $1.32 during midday trading on Thursday, reaching $59.00. The stock had a trading volume of 2,481,194 shares, compared to its average volume of 2,613,702. 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 market capitalization of $149.40 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 2.12 and a beta of 0.91. The company's 50-day moving average is $60.60 and its 200 day moving average is $62.45. HDFC Bank Limited has a 12-month low of $54.07 and a 12-month high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last issued 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 net margin of 14.64% and a return on equity of 12.19%. On average, equities analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HDB has been the subject of several recent research reports. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. StockNews.com cut HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th. Finally, Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report 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.