Whittier Trust Co. Has $1.26 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

Whittier Trust Co. lifted its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 51.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,739 shares of the bank's stock after purchasing an additional 6,692 shares during the period. Whittier Trust Co.'s holdings in HDFC Bank were worth $1,261,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Temasek Holdings Private Ltd increased its position in HDFC Bank by 1.6% in the third quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank's stock worth $523,453,000 after purchasing an additional 132,445 shares during the period. FMR LLC grew its position in shares of HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank's stock worth $430,339,000 after buying an additional 1,114,210 shares during the period. Franklin Resources Inc. grew its position in shares of HDFC Bank by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank's stock worth $420,477,000 after buying an additional 560,880 shares during the period. Wellington Management Group LLP raised its stake in shares of HDFC Bank by 2.2% during the third quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank's stock worth $317,141,000 after buying an additional 108,312 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in HDFC Bank by 1.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank's stock valued at $302,970,000 after buying an additional 51,736 shares during the period. 17.61% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of analysts have commented on the stock. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

HDFC Bank Trading Up 0.2 %

NYSE HDB traded up $0.10 during trading on Tuesday, reaching $65.90. 2,773,555 shares of the stock traded hands, compared to its average volume of 2,531,982. HDFC Bank Limited has a fifty-two week low of $54.07 and a fifty-two week high of $68.50. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a market cap of $166.88 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The stock's 50-day moving average price is $60.56 and its 200 day moving average price is $62.56.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (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%. Analysts predict that HDFC Bank Limited will post 3.03 EPS 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.