HDFC Bank Limited (NYSE:HDB) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 60.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 316,974 shares of the bank's stock after purchasing an additional 119,050 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in HDFC Bank were worth $19,830,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its position in shares of HDFC Bank by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock worth $301,000 after acquiring an additional 167 shares during the period. Commerce Bank increased its holdings in HDFC Bank by 7.0% during the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank's stock worth $214,000 after purchasing an additional 225 shares during the period. UMB Bank n.a. raised its position in HDFC Bank by 5.4% in the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank's stock valued at $311,000 after purchasing an additional 248 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its position in HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after purchasing an additional 254 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its stake in shares of HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank's stock valued at $399,000 after buying an additional 257 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th.

HDFC Bank Stock Down 0.4 %

Shares of HDFC Bank stock traded down $0.27 during trading on Wednesday, hitting $67.42. 2,113,975 shares of the stock were exchanged, compared to its average volume of 3,005,779. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The firm's 50-day moving average price is $63.70 and its 200 day moving average price is $62.14. The stock has a market cap of $170.72 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. As a group, analysts forecast that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal 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.