Brandes Investment Partners LP Grows Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Brandes Investment Partners LP raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,880 shares of the bank’s stock after buying an additional 2,759 shares during the quarter. Brandes Investment Partners LP’s holdings in HDFC Bank were worth $3,313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HDB. Whipplewood Advisors LLC purchased a new position in shares of HDFC Bank in the 4th quarter valued at approximately $29,000. Pin Oak Investment Advisors Inc. raised its position in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after purchasing an additional 254 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of HDFC Bank in the 4th quarter valued at approximately $42,000. Kestra Investment Management LLC purchased a new position in shares of HDFC Bank in the 4th quarter valued at approximately $60,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of HDFC Bank in the 3rd quarter valued at approximately $65,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

HDFC Bank Stock Performance

HDB opened at $60.68 on Friday. HDFC Bank Limited has a 12-month low of $54.07 and a 12-month high of $68.50. 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 market capitalization of $153.66 billion, a PE ratio of 18.44, a P/E/G ratio of 2.12 and a beta of 0.92. The firm has a 50 day moving average of $60.00 and a two-hundred day moving average of $62.41.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) 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%. On average, analysts anticipate 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.