Russell Investments Group Ltd. lifted its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,422,848 shares of the bank's stock after acquiring an additional 89,478 shares during the period. Russell Investments Group Ltd. owned 0.10% of HDFC Bank worth $154,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of HDFC Bank during the fourth quarter worth $29,000. Graney & King LLC purchased a new stake in HDFC Bank during the 4th quarter valued at about $38,000. Brown Brothers Harriman & Co. raised its holdings in HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after acquiring an additional 240 shares during the last quarter. Sierra Ocean LLC acquired a new stake in HDFC Bank in the 4th quarter valued at about $42,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of HDFC Bank during the 4th quarter worth approximately $56,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.
HDFC Bank Trading Down 1.2 %
Shares of NYSE HDB traded down $0.81 during midday trading on Thursday, reaching $64.85. 1,588,003 shares of the stock were exchanged, compared to its average volume of 2,750,846. The stock has a market capitalization of $164.23 billion, a P/E ratio of 19.65, a PEG ratio of 2.12 and a beta of 0.68. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a 50 day simple moving average of $62.15 and a 200 day simple moving average of $62.78. HDFC Bank Limited has a twelve month low of $54.99 and a twelve month 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, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.
Analysts Set New Price Targets
HDB has been the subject of several recent research reports. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.
Read Our Latest Research Report on HDB
HDFC Bank Profile
(
Free Report)
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.
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