Union Bancaire Privee UBP SA Makes New Investment in HDFC Bank Limited (NYSE:HDB)

Union Bancaire Privee UBP SA acquired a new position in HDFC Bank Limited (NYSE:HDB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,723 shares of the bank's stock, valued at approximately $1,077,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Glenmede Trust Co. NA increased its stake in shares of HDFC Bank by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock worth $301,000 after purchasing an additional 167 shares in the last quarter. Commerce Bank lifted its position in shares of HDFC Bank by 7.0% during the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank's stock valued at $214,000 after buying an additional 225 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its stake in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after acquiring an additional 254 shares during the period. Mount Yale Investment Advisors LLC increased its holdings in HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank's stock worth $399,000 after acquiring an additional 257 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after acquiring an additional 275 shares during the period. Hedge funds and other institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

HDB has been the subject of several recent analyst reports. StockNews.com downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd.

HDFC Bank Price Performance

Shares of NYSE:HDB traded up $1.65 during mid-day trading on Tuesday, reaching $60.37. The stock had a trading volume of 2,407,609 shares, compared to its average volume of 3,135,815. The company has a market cap of $152.87 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. The business's 50 day moving average price is $63.62 and its 200 day moving average price is $62.38. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 11.78%. Research analysts expect that HDFC Bank Limited will post 3.13 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.