SPX Gestao de Recursos Ltda Purchases New Shares in HDFC Bank Limited (NYSE:HDB)

SPX Gestao de Recursos Ltda acquired a new position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 114,700 shares of the bank's stock, valued at approximately $7,325,000. HDFC Bank accounts for 1.1% of SPX Gestao de Recursos Ltda's portfolio, making the stock its 28th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pzena Investment Management LLC lifted its stake in HDFC Bank by 64.0% in the fourth quarter. Pzena Investment Management LLC now owns 509,664 shares of the bank's stock valued at $32,547,000 after buying an additional 198,928 shares during the last quarter. Barings LLC boosted its position in shares of HDFC Bank by 3.3% during the fourth quarter. Barings LLC now owns 365,517 shares of the bank's stock worth $23,342,000 after buying an additional 11,643 shares during the period. Amundi grew its holdings in HDFC Bank by 10.9% in the 4th quarter. Amundi now owns 227,961 shares of the bank's stock worth $13,764,000 after buying an additional 22,380 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in HDFC Bank by 14.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 6,383 shares of the bank's stock valued at $408,000 after acquiring an additional 803 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in HDFC Bank during the 4th quarter valued at $2,368,000. Institutional investors and hedge funds own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HDB shares. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

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HDFC Bank Price Performance

HDB traded down $0.38 during trading on Thursday, reaching $60.10. The stock had a trading volume of 1,574,710 shares, compared to its average volume of 2,605,042. HDFC Bank Limited has a 1-year low of $54.07 and a 1-year high of $68.50. The firm has a market capitalization of $152.19 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The stock has a 50 day moving average of $60.04 and a two-hundred day moving average of $62.41. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating 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 anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.