Exencial Wealth Advisors LLC Purchases 660 Shares of HDFC Bank Limited (NYSE:HDB)

Exencial Wealth Advisors LLC boosted its position in HDFC Bank Limited (NYSE:HDB) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,355 shares of the bank’s stock after buying an additional 660 shares during the period. Exencial Wealth Advisors LLC’s holdings in HDFC Bank were worth $1,236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Trinity Street Asset Management LLP boosted its stake in HDFC Bank by 7.4% during the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock valued at $234,641,000 after purchasing an additional 252,600 shares during the last quarter. Citigroup Inc. boosted its stake in HDFC Bank by 21.1% during the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock valued at $71,559,000 after purchasing an additional 199,582 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in HDFC Bank by 60.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock valued at $19,830,000 after purchasing an additional 119,050 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its stake in HDFC Bank by 34.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock valued at $8,572,000 after purchasing an additional 35,291 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in HDFC Bank by 13.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock valued at $15,114,000 after purchasing an additional 28,500 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Trading Up 1.0 %

Shares of HDB stock opened at $60.30 on Thursday. The company’s fifty day simple moving average is $60.60 and its two-hundred day simple moving average is $62.45. 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 $54.07 and a 1 year high of $68.50. The stock has a market capitalization of $152.69 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 2.12 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping 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%. As a group, analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current 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.