19,900 Shares in HDFC Bank Limited (NYSE:HDB) Bought by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new stake in HDFC Bank Limited (NYSE:HDB) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,900 shares of the bank’s stock, valued at approximately $1,271,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Pinpoint Asset Management Ltd boosted its stake in HDFC Bank by 119.3% during the 4th quarter. Pinpoint Asset Management Ltd now owns 122,456 shares of the bank’s stock valued at $7,820,000 after purchasing an additional 66,606 shares during the period. Atlas Capital Advisors Inc. bought a new stake in shares of HDFC Bank during the fourth quarter valued at approximately $56,000. Pitcairn Co. boosted its position in shares of HDFC Bank by 1.8% during the fourth quarter. Pitcairn Co. now owns 22,903 shares of the bank’s stock worth $1,463,000 after buying an additional 414 shares during the period. National Bank of Canada FI grew its holdings in HDFC Bank by 3,535.1% in the 4th quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank’s stock worth $122,718,000 after buying an additional 1,868,804 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in HDFC Bank by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 6,917,816 shares of the bank’s stock valued at $441,772,000 after acquiring an additional 113,988 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on HDB shares. 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 research note on Thursday, January 23rd.

HDFC Bank Stock Up 1.3 %

Shares of HDB stock opened at $66.95 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 stock has a market cap of $169.53 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The business’s fifty day moving average is $61.57 and its 200-day moving average is $62.77. HDFC Bank Limited has a 1 year low of $54.99 and a 1 year high of $68.50.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating 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 analysts expect that HDFC Bank Limited will post 3.03 earnings per share 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.