Hyperion Capital Advisors LP Has $474,000 Stock Position in HDFC Bank Limited (NYSE:HDB)

Hyperion Capital Advisors LP lifted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 27.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,420 shares of the bank’s stock after purchasing an additional 1,600 shares during the period. Hyperion Capital Advisors LP’s holdings in HDFC Bank were worth $474,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HDB. Graham Capital Management L.P. acquired a new stake in HDFC Bank in the fourth quarter valued at $591,000. Focus Partners Wealth acquired a new stake in HDFC Bank in the 4th quarter valued at about $221,000. Elliott Investment Management L.P. grew its holdings in HDFC Bank by 5.8% during the fourth quarter. Elliott Investment Management L.P. now owns 670,215 shares of the bank’s stock worth $42,800,000 after purchasing an additional 36,491 shares during the period. Ethic Inc. lifted its position in shares of HDFC Bank by 29.1% in the fourth quarter. Ethic Inc. now owns 62,770 shares of the bank’s stock valued at $4,008,000 after buying an additional 14,158 shares during the last quarter. Finally, Eagle Global Advisors LLC boosted its stake in shares of HDFC Bank by 0.4% during the 4th quarter. Eagle Global Advisors LLC now owns 84,660 shares of the bank’s stock worth $5,406,000 after acquiring an additional 305 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HDB shares. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. 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, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Monday, May 5th.

HDFC Bank Trading Up 1.5 %

Shares of HDFC Bank stock opened at $70.54 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a 50-day moving average of $66.95 and a 200-day moving average of $64.17. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $75.37. The stock has a market cap of $178.63 billion, a PE ratio of 21.44, a PEG ratio of 2.12 and a beta of 0.63.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, sell-side analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

About HDFC Bank

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.