75,341 Shares in HDFC Bank Limited (NYSE:HDB) Acquired by Madison Investment Advisors LLC

Madison Investment Advisors LLC bought a new position in HDFC Bank Limited (NYSE:HDB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 75,341 shares of the bank’s stock, valued at approximately $4,811,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd raised its position 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 worth $523,453,000 after acquiring an additional 132,445 shares during the period. FMR LLC raised its position in HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after acquiring an additional 1,114,210 shares during the period. Franklin Resources Inc. raised its position in HDFC Bank by 9.0% in the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock worth $420,477,000 after acquiring an additional 560,880 shares during the period. Wellington Management Group LLP raised its position in HDFC Bank by 2.2% in the third 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 period. Finally, Massachusetts Financial Services Co. MA raised its position in 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 acquiring an additional 51,736 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

HDFC Bank Stock Down 0.6 %

Shares of HDB stock opened at $60.10 on Friday. The company has a market capitalization of $152.19 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a one year low of $54.07 and a one year high of $68.50. The company’s fifty day moving average price is $60.04 and its 200-day moving average price is $62.41. 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 (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.