Kestra Investment Management LLC Takes Position in HDFC Bank Limited (NYSE:HDB)

Kestra Investment Management LLC acquired a new stake in HDFC Bank Limited (NYSE:HDB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 933 shares of the bank’s stock, valued at approximately $60,000.

Several other hedge funds have also added to or reduced their stakes in HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock worth $213,851,000 after buying an additional 3,262,442 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of HDFC Bank by 172.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock worth $215,909,000 after acquiring an additional 2,140,591 shares in the last quarter. FMR LLC increased its position 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 worth $430,339,000 after acquiring an additional 1,114,210 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of HDFC Bank by 177.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,075,131 shares of the bank’s stock worth $69,719,000 after acquiring an additional 687,811 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in HDFC Bank by 570.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,849 shares of the bank’s stock valued at $42,406,000 after acquiring an additional 576,743 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDB opened at $59.46 on Friday. The company has a market cap of $150.56 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 2.17 and a beta of 0.91. The firm has a 50-day moving average of $61.36 and a 200-day moving average of $62.40. HDFC Bank Limited has a one year low of $53.00 and a one year high of $68.50. 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 (NYSE:HDB) last posted 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, equities analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analysts Set New Price Targets

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

HDFC Bank 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.