Artisan Partners Limited Partnership Acquires 36,303 Shares of HDFC Bank Limited (NYSE:HDB)

Artisan Partners Limited Partnership boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,859,809 shares of the bank’s stock after purchasing an additional 36,303 shares during the period. Artisan Partners Limited Partnership owned about 0.07% of HDFC Bank worth $118,767,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Whipplewood Advisors LLC purchased a new stake in shares of HDFC Bank in the 4th quarter worth about $29,000. Pin Oak Investment Advisors Inc. raised its stake 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 buying an additional 254 shares in the last quarter. Graney & King LLC purchased a new stake in HDFC Bank in the fourth quarter worth about $38,000. Sierra Ocean LLC bought a new stake in HDFC Bank during the 4th quarter valued at approximately $42,000. Finally, Kestra Investment Management LLC purchased a new position in shares of HDFC Bank during the 4th quarter worth approximately $60,000. Institutional investors own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

HDB has been the subject of a number of research analyst reports. 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 report on Thursday, January 23rd.

HDFC Bank Trading Up 1.2 %

NYSE:HDB opened at $66.72 on Friday. The firm has a market capitalization of $168.94 billion, a P/E ratio of 20.28, a PEG ratio of 2.12 and a beta of 0.92. 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 one year low of $54.99 and a one year high of $68.50. The company’s 50-day simple moving average is $60.85 and its 200 day simple moving average is $62.61.

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