Rathbones Group PLC Boosts Holdings in HDFC Bank Limited (NYSE:HDB)

Rathbones Group PLC raised its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,080 shares of the bank's stock after purchasing an additional 13,743 shares during the period. Rathbones Group PLC's holdings in HDFC Bank were worth $14,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of HDB. Waverton Investment Management Ltd increased its stake in HDFC Bank by 1.0% in the fourth quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank's stock valued at $1,275,000 after purchasing an additional 203 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of HDFC Bank by 63.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after acquiring an additional 240 shares in the last quarter. Level Four Advisory Services LLC lifted its holdings in shares of HDFC Bank by 3.6% in the 4th quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank's stock worth $438,000 after purchasing an additional 241 shares in the last quarter. Baron Wealth Management LLC increased its stake in HDFC Bank by 3.7% during the 4th quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank's stock valued at $470,000 after purchasing an additional 263 shares in the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of HDFC Bank by 13.0% in the fourth quarter. Principal Securities Inc. now owns 2,305 shares of the bank's stock valued at $147,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Stock Performance

Shares of NYSE:HDB traded up $2.31 during trading on Friday, hitting $67.34. 3,057,208 shares of the company were exchanged, compared to its average volume of 2,746,582. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $68.50. The stock has a 50 day moving average of $62.38 and a 200 day moving average of $62.76. 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 company has a market cap of $170.52 billion, a PE ratio of 20.47, a P/E/G ratio of 2.12 and a beta of 0.68.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping 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, equities research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on HDB shares. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research note 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.