HDFC Bank Limited (NYSE:HDB) Shares Acquired by Capital World Investors

Capital World Investors increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,771,588 shares of the bank’s stock after purchasing an additional 7,189 shares during the quarter. Capital World Investors owned 0.23% of HDFC Bank worth $368,600,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HDB. Whipplewood Advisors LLC purchased a new stake in shares of HDFC Bank in the 4th quarter valued at $29,000. Graney & King LLC acquired a new stake in HDFC Bank during the 4th quarter worth about $38,000. Brown Brothers Harriman & Co. raised its stake in shares of HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock valued at $39,000 after buying an additional 240 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of HDFC Bank in the 4th quarter valued at about $42,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of HDFC Bank in the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 4.2 %

Shares of NYSE:HDB opened at $72.19 on Monday. The firm has a market capitalization of $182.80 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68. The business’s 50 day moving average price is $63.27 and its 200-day moving average price is $63.03. 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 1 year low of $54.99 and a 1 year high of $72.34.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (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%. On average, equities research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on HDB. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report 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.