Murphy & Mullick Capital Management Corp Makes New Investment in HDFC Bank Limited (NYSE:HDB)

Murphy & Mullick Capital Management Corp acquired a new position in HDFC Bank Limited (NYSE:HDB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,785 shares of the bank's stock, valued at approximately $433,000.

A number of other hedge funds have also made changes to their positions in HDB. Thrivent Financial for Lutherans raised its position in HDFC Bank by 105.1% in the third quarter. Thrivent Financial for Lutherans now owns 6,503 shares of the bank's stock valued at $407,000 after purchasing an additional 3,333 shares during the period. Commerce Bank boosted its holdings in HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank's stock worth $214,000 after acquiring an additional 225 shares during the period. Raymond James Trust N.A. grew its position in HDFC Bank by 6.3% in the third quarter. Raymond James Trust N.A. now owns 7,771 shares of the bank's stock valued at $486,000 after acquiring an additional 458 shares in the last quarter. Cerity Partners LLC raised its stake in shares of HDFC Bank by 53.4% during the third quarter. Cerity Partners LLC now owns 64,710 shares of the bank's stock valued at $4,048,000 after purchasing an additional 22,523 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of HDFC Bank by 62.6% during the third quarter. Daiwa Securities Group Inc. now owns 3,846 shares of the bank's stock worth $241,000 after purchasing an additional 1,481 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

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

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HDFC Bank Stock Down 1.1 %

Shares of HDFC Bank stock traded down $0.71 on Friday, hitting $66.15. 2,139,832 shares of the company's stock traded hands, compared to its average volume of 2,723,500. 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 firm's 50-day moving average is $61.01 and its 200 day moving average is $62.66. The stock has a market cap of $167.50 billion, a P/E ratio of 20.10, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Equities analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

About HDFC Bank

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.