HDFC Bank Limited (NYSE:HDB) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI increased its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 3,535.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,921,668 shares of the bank's stock after acquiring an additional 1,868,804 shares during the period. National Bank of Canada FI owned approximately 0.08% of HDFC Bank worth $122,718,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HDB. US Bancorp DE lifted its position in shares of HDFC Bank by 12.7% during the 4th quarter. US Bancorp DE now owns 157,665 shares of the bank's stock valued at $10,068,000 after acquiring an additional 17,800 shares during the period. Trinity Street Asset Management LLP raised its holdings in HDFC Bank by 7.4% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock worth $234,641,000 after purchasing an additional 252,600 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in HDFC Bank during the fourth quarter worth $2,907,000. Nomura Asset Management Co. Ltd. grew its holdings in HDFC Bank by 60.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank's stock valued at $19,830,000 after purchasing an additional 119,050 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI increased its position in shares of HDFC Bank by 34.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank's stock valued at $8,572,000 after buying an additional 35,291 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HDB. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

HDFC Bank Price Performance

HDFC Bank stock traded down $1.84 during mid-day trading on Friday, hitting $65.12. 8,211,680 shares of the company were exchanged, compared to its average volume of 2,735,820. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $68.50. The business's 50 day simple moving average is $61.70 and its two-hundred day simple moving average is $62.78. The company has a market capitalization of $164.90 billion, a P/E ratio of 19.79, a PEG ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating 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%. Analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

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.