Graham Capital Management L.P. purchased a new position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,257 shares of the bank's stock, valued at approximately $591,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in HDFC Bank during the 4th quarter worth approximately $29,000. Graney & King LLC bought a new stake in HDFC Bank during the 4th quarter worth approximately $38,000. Brown Brothers Harriman & Co. increased its holdings in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after purchasing an additional 240 shares in the last quarter. Sierra Ocean LLC bought a new stake in HDFC Bank during the 4th quarter worth approximately $42,000. Finally, Atlas Capital Advisors Inc. bought a new stake in HDFC Bank during the 4th quarter worth approximately $56,000. 17.61% of the stock is owned by institutional investors.
Analysts Set New Price Targets
HDB has been the subject of several recent analyst reports. StockNews.com raised HDFC Bank from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd.
Check Out Our Latest Stock Report on HDFC Bank
HDFC Bank Stock Performance
HDFC Bank stock traded up $0.69 during trading on Monday, hitting $73.71. The stock had a trading volume of 1,332,131 shares, compared to its average volume of 2,820,692. HDFC Bank Limited has a 1 year low of $55.00 and a 1 year high of $75.37. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock's 50 day moving average is $68.26 and its two-hundred day moving average is $64.47. The stock has a market cap of $186.66 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63.
HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. As a group, analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.
HDFC Bank Profile
(
Free Report)
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.
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