HDFC Bank Limited (NYSE:HDB) Shares Acquired by US Bancorp DE

US Bancorp DE grew its holdings in HDFC Bank Limited (NYSE:HDB) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,665 shares of the bank’s stock after purchasing an additional 17,800 shares during the quarter. US Bancorp DE’s holdings in HDFC Bank were worth $10,068,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Trinity Street Asset Management LLP lifted its stake 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 period. Citigroup Inc. lifted its stake in shares of HDFC Bank by 21.1% during the third quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock valued at $71,559,000 after buying an additional 199,582 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of HDFC Bank by 60.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock valued at $19,830,000 after buying an additional 119,050 shares during the period. Zurich Insurance Group Ltd FI lifted its stake in shares of HDFC Bank by 34.7% during the third quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock valued at $8,572,000 after buying an additional 35,291 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of HDFC Bank by 13.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock valued at $15,114,000 after buying an additional 28,500 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

NYSE:HDB opened at $60.68 on Tuesday. 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 company has a market cap of $153.66 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.12 and a beta of 0.91. HDFC Bank Limited has a fifty-two week low of $54.07 and a fifty-two week high of $68.50. The firm’s 50 day moving average is $60.80 and its two-hundred day moving average is $62.47.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping 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%. Analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.