Zevin Asset Management LLC Acquires 13,092 Shares of HDFC Bank Limited (NYSE:HDB)

Zevin Asset Management LLC increased its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,778 shares of the bank's stock after acquiring an additional 13,092 shares during the quarter. HDFC Bank comprises approximately 1.8% of Zevin Asset Management LLC's portfolio, making the stock its 22nd biggest position. Zevin Asset Management LLC's holdings in HDFC Bank were worth $12,502,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new stake in HDFC Bank in the fourth quarter worth $29,000. Pin Oak Investment Advisors Inc. lifted its position in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after buying an additional 254 shares during the period. Sierra Ocean LLC purchased a new position in HDFC Bank during the fourth quarter valued at $42,000. Kestra Investment Management LLC purchased a new position in HDFC Bank during the fourth quarter valued at $60,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in HDFC Bank during the third quarter valued at $65,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Up 1.3 %

Shares of HDB traded up $0.80 during trading hours on Wednesday, hitting $63.20. The company had a trading volume of 3,512,013 shares, compared to its average volume of 2,505,426. The firm has a fifty day moving average price of $60.01 and a 200-day moving average price 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. The stock has a market capitalization of $160.03 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50.

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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%. On average, equities research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on HDB. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Finally, Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd.

HDFC Bank Company 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.