TD Private Client Wealth LLC Acquires 428 Shares of HDFC Bank Limited (NYSE:HDB)

TD Private Client Wealth LLC raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 8.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,337 shares of the bank’s stock after purchasing an additional 428 shares during the quarter. TD Private Client Wealth LLC’s holdings in HDFC Bank were worth $341,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Temasek Holdings Private Ltd increased its holdings 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 valued at $523,453,000 after purchasing an additional 132,445 shares during the last quarter. FMR LLC increased 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 acquiring an additional 1,114,210 shares during the last quarter. Franklin Resources Inc. raised its position 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 acquiring an additional 560,880 shares during the period. Wellington Management Group LLP boosted its stake in HDFC Bank by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock worth $317,141,000 after acquiring an additional 108,312 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in HDFC Bank by 9.0% during the third quarter. Fisher Asset Management LLC now owns 3,955,982 shares of the bank’s stock valued at $247,486,000 after purchasing an additional 325,999 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDB stock opened at $65.81 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. HDFC Bank Limited has a 52 week low of $54.07 and a 52 week high of $68.50. The company’s 50 day moving average price is $60.41 and its two-hundred day moving average price is $62.52. The company has a market capitalization of $166.66 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 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 expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

HDB has been the topic of several analyst reports. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note 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.