Flossbach Von Storch SE Buys 18,150 Shares of HDFC Bank Limited (NYSE:HDB)

Flossbach Von Storch SE grew its stake in HDFC Bank Limited (NYSE:HDB) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,033,520 shares of the bank’s stock after purchasing an additional 18,150 shares during the quarter. Flossbach Von Storch SE’s holdings in HDFC Bank were worth $66,001,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Jacobson & Schmitt Advisors LLC lifted its holdings in HDFC Bank by 2.9% during the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 163,272 shares of the bank’s stock worth $10,427,000 after acquiring an additional 4,580 shares during the period. Ieq Capital LLC bought a new stake in HDFC Bank during the fourth quarter worth $266,000. CogentBlue Wealth Advisors LLC bought a new stake in HDFC Bank during the fourth quarter worth $234,000. Financial Perspectives Inc lifted its holdings in HDFC Bank by 8.5% during the fourth quarter. Financial Perspectives Inc now owns 10,633 shares of the bank’s stock worth $679,000 after acquiring an additional 834 shares during the period. Finally, DSM Capital Partners LLC lifted its holdings in HDFC Bank by 31.3% during the fourth quarter. DSM Capital Partners LLC now owns 73,905 shares of the bank’s stock worth $4,720,000 after acquiring an additional 17,605 shares during the period. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HDB has been the topic of a number of recent analyst reports. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $60.76 on Thursday. The stock has a market cap of $153.85 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.66 and a beta of 0.91. 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 debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a fifty day moving average of $61.65 and a 200-day moving average of $62.41.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities research analysts anticipate that HDFC Bank Limited will post 3.09 earnings per share for the current 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.