HDFC Bank Limited (NYSE:HDB) is Hudson Edge Investment Partners Inc.’s Largest Position

Hudson Edge Investment Partners Inc. grew its stake in HDFC Bank Limited (NYSE:HDB) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 867,900 shares of the bank’s stock after buying an additional 51,500 shares during the quarter. HDFC Bank makes up 10.2% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its biggest holding. Hudson Edge Investment Partners Inc.’s holdings in HDFC Bank were worth $55,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Flossbach Von Storch SE boosted its stake in shares of HDFC Bank by 1.8% in the fourth quarter. Flossbach Von Storch SE now owns 1,033,520 shares of the bank’s stock worth $66,001,000 after acquiring an additional 18,150 shares during the period. Jacobson & Schmitt Advisors LLC boosted its stake in shares of HDFC Bank by 2.9% in 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 position in shares of HDFC Bank in the fourth quarter worth about $266,000. CogentBlue Wealth Advisors LLC bought a new position in shares of HDFC Bank in the fourth quarter worth about $234,000. Finally, Financial Perspectives Inc boosted its stake in shares of HDFC Bank by 8.5% in 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. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $59.46 on Friday. The stock has a 50 day moving average of $61.36 and a 200 day moving average of $62.40. HDFC Bank Limited has a 12 month low of $53.00 and a 12 month high of $68.50. The firm has a market cap of $150.56 billion, a PE ratio of 18.07, a PEG ratio of 2.17 and a beta of 0.91. 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 announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating 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%. On average, research analysts expect 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.