Atomi Financial Group Inc. Purchases 4,152 Shares of HDFC Bank Limited (NYSE:HDB)

Atomi Financial Group Inc. grew its position in shares of HDFC Bank Limited (NYSE:HDB) by 30.6% in the fourth quarter, Holdings Channel reports. The fund owned 17,715 shares of the bank’s stock after buying an additional 4,152 shares during the quarter. Atomi Financial Group Inc.’s holdings in HDFC Bank were worth $1,131,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trinity Street Asset Management LLP grew its stake in shares of HDFC Bank by 7.4% in the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock worth $234,641,000 after buying an additional 252,600 shares in the last quarter. Citigroup Inc. grew its position in HDFC Bank by 21.1% in the third quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock worth $71,559,000 after acquiring an additional 199,582 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in HDFC Bank by 60.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock worth $19,830,000 after acquiring an additional 119,050 shares during the last quarter. Zurich Insurance Group Ltd FI raised its position in 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 purchasing 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% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock valued at $15,114,000 after purchasing an additional 28,500 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

HDB stock opened at $58.90 on Wednesday. The stock has a market cap of $149.16 billion, a PE ratio of 17.90, a P/E/G ratio of 1.66 and a beta of 0.92. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50. The company has a 50-day moving average price of $63.90 and a 200 day moving average price of $62.45. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. Equities research analysts anticipate that HDFC Bank Limited will post 3.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

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.