DSM Capital Partners LLC Acquires 17,605 Shares of HDFC Bank Limited (NYSE:HDB)

DSM Capital Partners LLC grew its holdings in HDFC Bank Limited (NYSE:HDB) by 31.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 73,905 shares of the bank’s stock after acquiring an additional 17,605 shares during the period. DSM Capital Partners LLC’s holdings in HDFC Bank were worth $4,720,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Glenmede Trust Co. NA lifted its position in HDFC Bank by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after buying an additional 167 shares in the last quarter. Commerce Bank increased its position in HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock valued at $214,000 after acquiring an additional 225 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its stake in shares of HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after acquiring an additional 254 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its position in shares of HDFC Bank by 4.2% during the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock worth $399,000 after purchasing an additional 257 shares in the last quarter. Finally, Baron Wealth Management LLC grew its stake in shares of HDFC Bank by 3.7% during the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock valued at $470,000 after purchasing an additional 263 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

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

HDFC Bank Trading Up 0.5 %

HDB opened at $60.51 on Wednesday. The firm has a 50 day simple moving average of $61.78 and a 200 day simple moving average of $62.42. HDFC Bank Limited has a fifty-two week low of $53.00 and a fifty-two week high of $68.50. The company has a market cap of $153.22 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.66 and a beta of 0.91. 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 issued its earnings results 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%. On average, sell-side analysts anticipate that HDFC Bank Limited will post 3.09 earnings per share 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.