O Shaughnessy Asset Management LLC Raises Holdings in HDFC Bank Limited (NYSE:HDB)

O Shaughnessy Asset Management LLC lifted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 24.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,402 shares of the bank's stock after acquiring an additional 16,300 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in HDFC Bank were worth $5,262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC purchased a new position in shares of HDFC Bank in the fourth quarter valued at $29,000. Graney & King LLC acquired a new position in HDFC Bank during the fourth quarter worth about $38,000. Brown Brothers Harriman & Co. lifted its holdings in shares of HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after purchasing an additional 240 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of HDFC Bank during the 4th quarter worth approximately $42,000. Finally, Kestra Investment Management LLC acquired a new position in shares of HDFC Bank during the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 17.61% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd.

HDFC Bank Trading Down 2.8 %

HDB stock traded down $1.84 during midday trading on Friday, hitting $65.12. The stock had a trading volume of 8,211,680 shares, compared to its average volume of 2,735,820. The company's 50-day moving average price is $61.70 and its 200 day moving average price is $62.78. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $164.90 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month 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 EPS for the quarter, beating 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%. On average, equities research analysts predict that HDFC Bank Limited will post 3.03 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.