Prudential Financial Inc. Increases Stock Position in HDFC Bank Limited (NYSE:HDB)

Prudential Financial Inc. grew its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,658 shares of the bank's stock after purchasing an additional 13,387 shares during the period. Prudential Financial Inc.'s holdings in HDFC Bank were worth $3,427,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in HDFC Bank in the fourth quarter valued at about $29,000. Sierra Ocean LLC acquired a new stake in HDFC Bank in the 4th quarter worth approximately $42,000. Kestra Investment Management LLC acquired a new stake in HDFC Bank in the 4th quarter worth approximately $60,000. JFS Wealth Advisors LLC grew its position in HDFC Bank by 52.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank's stock worth $65,000 after purchasing an additional 351 shares during the last quarter. Finally, Synergy Investment Management LLC acquired a new position in HDFC Bank during the 4th quarter valued at approximately $75,000. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Stock Performance

NYSE HDB traded down $1.84 on Friday, hitting $65.12. 8,211,680 shares of the company's stock traded hands, compared to its average volume of 2,735,820. The firm's 50-day moving average price is $61.70 and its two-hundred day moving average price is $62.78. The firm has a market capitalization of $164.90 billion, a PE ratio of 19.79, a P/E/G ratio of 2.12 and a beta of 0.68. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 1-year low of $54.99 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (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%. As a group, analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

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