Union Bancaire Privee UBP SA Acquires Shares of 16,723 HDFC Bank Limited (NYSE:HDB)

Union Bancaire Privee UBP SA purchased a new position in shares of HDFC Bank Limited (NYSE:HDB) in the 4th quarter, Holdings Channel reports. The firm purchased 16,723 shares of the bank’s stock, valued at approximately $1,077,000.

Other institutional investors also recently modified their holdings of the company. Temasek Holdings Private Ltd grew its stake in shares of 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 last quarter. FMR LLC grew its stake in shares of HDFC Bank by 19.3% in the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after buying an additional 1,114,210 shares during the period. Franklin Resources Inc. grew its stake in shares of HDFC Bank by 9.0% in the 3rd quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock valued at $420,477,000 after buying an additional 560,880 shares during the period. Wellington Management Group LLP grew its stake in shares of HDFC Bank by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock valued at $317,141,000 after buying an additional 108,312 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of HDFC Bank by 1.1% in the 3rd 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 currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

HDFC Bank Stock Down 0.2 %

HDFC Bank stock opened at $59.46 on Monday. HDFC Bank Limited has a 1-year low of $53.00 and a 1-year high of $68.50. The firm has a market capitalization of $150.56 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 2.12 and a beta of 0.91. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a 50 day simple moving average of $61.36 and a 200 day simple moving average of $62.45.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 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 12.19%. On average, analysts predict that HDFC Bank Limited will post 3.03 earnings per share 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.