Stamos Capital Partners L.P. Grows Stake in HDFC Bank Limited (NYSE:HDB)

Stamos Capital Partners L.P. lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 30.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 27,400 shares of the bank's stock after acquiring an additional 6,440 shares during the period. Stamos Capital Partners L.P.'s holdings in HDFC Bank were worth $1,750,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. US Bancorp DE grew its position in HDFC Bank by 12.7% during the 4th quarter. US Bancorp DE now owns 157,665 shares of the bank's stock worth $10,068,000 after purchasing an additional 17,800 shares during the last quarter. Trinity Street Asset Management LLP grew its holdings in shares of HDFC Bank by 7.4% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock valued at $234,641,000 after buying an additional 252,600 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of HDFC Bank in the 4th quarter valued at $2,907,000. Ovata Capital Management Ltd raised its stake in HDFC Bank by 89.7% in the 4th quarter. Ovata Capital Management Ltd now owns 690,320 shares of the bank's stock worth $43,863,000 after acquiring an additional 326,400 shares during the last quarter. Finally, Callan Family Office LLC purchased a new stake in HDFC Bank during the 4th quarter valued at about $1,999,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HDB. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

HDB stock traded up $2.93 during trading on Thursday, hitting $72.19. 5,530,201 shares of the company traded hands, compared to its average volume of 2,804,948. HDFC Bank Limited has a 1 year low of $54.99 and a 1 year high of $72.49. The company has a market cap of $182.80 billion, a PE ratio of 21.94, a P/E/G ratio of 2.12 and a beta of 0.68. The stock's 50-day simple moving average is $62.80 and its 200 day simple moving average is $62.87. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly 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%. On average, equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share 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.