Vestmark Advisory Solutions Inc. Purchases 3,925 Shares of HDFC Bank Limited (NYSE:HDB)

Vestmark Advisory Solutions Inc. lifted its position in shares of HDFC Bank Limited (NYSE:HDB) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,457 shares of the bank’s stock after acquiring an additional 3,925 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in HDFC Bank were worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Temasek Holdings Private Ltd lifted its holdings in shares of HDFC Bank by 1.6% during the 3rd quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock worth $523,453,000 after acquiring an additional 132,445 shares during the period. FMR LLC raised its stake in shares of HDFC Bank by 19.3% during the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after acquiring an additional 1,114,210 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of HDFC Bank by 9.0% during the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock valued at $420,477,000 after acquiring an additional 560,880 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of HDFC Bank by 2.2% during the third quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock valued at $317,141,000 after acquiring an additional 108,312 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of HDFC Bank by 1.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock valued at $302,970,000 after acquiring an additional 51,736 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.0 %

HDB opened at $59.08 on Friday. HDFC Bank Limited has a 1-year low of $54.07 and a 1-year high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a market cap of $149.60 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a fifty day moving average price of $60.37 and a two-hundred day moving average price of $62.42.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share 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%. Analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HDB has been the subject of a number of analyst reports. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, 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 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.