HDFC Bank Limited (NYSE:HDB) Shares Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,050 shares of the bank’s stock after buying an additional 1,900 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in HDFC Bank were worth $3,196,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Temasek Holdings Private Ltd lifted its holdings in shares of HDFC Bank by 1.6% during 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 grew its position in 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 in the last quarter. Franklin Resources Inc. raised its stake in HDFC Bank by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock valued at $420,477,000 after purchasing an additional 560,880 shares during the period. Wellington Management Group LLP lifted its holdings in shares of HDFC Bank by 2.2% in the third quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock valued at $317,141,000 after purchasing an additional 108,312 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of HDFC Bank by 1.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock worth $302,970,000 after buying an additional 51,736 shares during the period. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

HDB has been the topic of several recent analyst reports. StockNews.com lowered 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 research note on Thursday, January 23rd. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Up 0.2 %

HDB opened at $60.68 on Wednesday. The company has a market capitalization of $153.65 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. 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 of $62.64 and a 200-day moving average of $62.41.

HDFC Bank (NYSE:HDB) last released 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 return on equity of 12.19% and a net margin of 14.64%. Equities research analysts forecast that HDFC Bank Limited will post 3.09 EPS for the current fiscal year.

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.