HDFC Bank Limited (NYSE:HDB) Position Boosted by Pzena Investment Management LLC

Pzena Investment Management LLC lifted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 64.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 509,664 shares of the bank's stock after buying an additional 198,928 shares during the quarter. Pzena Investment Management LLC's holdings in HDFC Bank were worth $32,547,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of HDFC Bank by 2,092.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank's stock worth $213,851,000 after buying an additional 3,262,442 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of HDFC Bank by 172.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock worth $215,909,000 after acquiring an additional 2,140,591 shares during the period. FMR LLC increased its holdings in shares of HDFC Bank by 19.3% in the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank's stock worth $430,339,000 after acquiring an additional 1,114,210 shares during the period. DJE Kapital AG acquired a new stake in shares of HDFC Bank in the 4th quarter worth about $54,055,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of HDFC Bank by 177.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,075,131 shares of the bank's stock worth $69,719,000 after acquiring an additional 687,811 shares during the period. 17.61% of the stock is currently owned by institutional investors.

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HDFC Bank Price Performance

HDFC Bank stock traded up $0.94 during trading hours on Wednesday, hitting $60.76. 1,088,698 shares of the company traded hands, compared to its average volume of 2,603,728. The firm has a market cap of $153.85 billion, a P/E ratio of 18.47, a P/E/G ratio of 2.12 and a beta of 0.92. 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 simple moving average is $60.19 and its two-hundred day simple moving average is $62.44. HDFC Bank Limited has a 1-year low of $54.07 and a 1-year high of $68.50.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. StockNews.com cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th. Finally, Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

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.