American Century Companies Inc. Buys 237,324 Shares of HDFC Bank Limited (NYSE:HDB)

American Century Companies Inc. boosted its stake in HDFC Bank Limited (NYSE:HDB) by 22.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,274,755 shares of the bank’s stock after purchasing an additional 237,324 shares during the period. American Century Companies Inc. owned approximately 0.05% of HDFC Bank worth $81,406,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in shares of HDFC Bank in the fourth quarter worth $29,000. Pin Oak Investment Advisors Inc. boosted its position in 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 purchasing an additional 254 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of HDFC Bank during the 4th quarter valued at about $42,000. Kestra Investment Management LLC purchased a new stake in shares of HDFC Bank during the 4th quarter valued at about $60,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of HDFC Bank during the 3rd quarter valued at about $65,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Trading Up 2.0 %

Shares of NYSE:HDB opened at $65.81 on Tuesday. The stock has a 50 day moving average of $60.41 and a 200 day moving average of $62.52. The company has a market cap of $166.66 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 12-month low of $54.07 and a 12-month 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.

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, topping analysts’ consensus estimates 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, equities research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

Analysts Set New Price Targets

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