Sequoia Financial Advisors LLC Acquires 12,271 Shares of HDFC Bank Limited (NYSE:HDB)

Sequoia Financial Advisors LLC increased its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 73.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,046 shares of the bank's stock after acquiring an additional 12,271 shares during the period. Sequoia Financial Advisors LLC's holdings in HDFC Bank were worth $1,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its position in HDFC Bank by 4.4% in the fourth quarter. HighTower Advisors LLC now owns 229,855 shares of the bank's stock worth $14,679,000 after acquiring an additional 9,706 shares in the last quarter. Natural Investments LLC purchased a new position in HDFC Bank in the fourth quarter worth $1,229,000. Endowment Wealth Management Inc. grew its position in HDFC Bank by 4.9% in the fourth quarter. Endowment Wealth Management Inc. now owns 6,202 shares of the bank's stock worth $396,000 after acquiring an additional 289 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in HDFC Bank in the fourth quarter worth $7,325,000. Finally, Pzena Investment Management LLC grew its position in HDFC Bank by 64.0% in the fourth quarter. Pzena Investment Management LLC now owns 509,664 shares of the bank's stock worth $32,547,000 after acquiring an additional 198,928 shares in the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HDB has been the subject of several analyst reports. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. StockNews.com cut HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th. Finally, Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.

Remove Ads

HDFC Bank Trading Up 1.3 %

HDB traded up $0.80 on Wednesday, hitting $63.20. 3,416,408 shares of the company were exchanged, compared to its average volume of 2,505,045. The firm has a fifty day simple moving average of $60.01 and a two-hundred day simple moving average of $62.44. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. HDFC Bank Limited has a 12 month low of $54.07 and a 12 month high of $68.50. The stock has a market capitalization of $160.03 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly 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%. Sell-side analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current 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.