HDFC Bank Limited (NYSE:HDB) Shares Bought by First Affirmative Financial Network

First Affirmative Financial Network grew its stake in shares of HDFC Bank Limited (NYSE:HDB) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,097 shares of the bank’s stock after acquiring an additional 469 shares during the period. First Affirmative Financial Network’s holdings in HDFC Bank were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock valued at $213,851,000 after acquiring an additional 3,262,442 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of HDFC Bank by 172.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock valued at $215,909,000 after purchasing an additional 2,140,591 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of HDFC Bank by 130.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank’s stock worth $140,593,000 after purchasing an additional 1,236,100 shares in the last quarter. FMR LLC raised its position in shares of HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after purchasing an additional 1,114,210 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in HDFC Bank by 141.2% during the 2nd quarter. Clearbridge Investments LLC now owns 1,457,755 shares of the bank’s stock valued at $93,777,000 after buying an additional 853,287 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.8 %

NYSE HDB opened at $60.64 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $68.50. The business has a 50 day moving average price of $63.49 and a two-hundred day moving average price of $62.36. The stock has a market cap of $153.55 billion, a PE ratio of 18.43, a P/E/G ratio of 1.73 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 11.78% and a net margin of 14.64%. As a group, sell-side analysts predict that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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