Fayez Sarofim & Co Purchases 3,555 Shares of HDFC Bank Limited (NYSE:HDB)

Fayez Sarofim & Co grew its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,100 shares of the bank's stock after purchasing an additional 3,555 shares during the period. Fayez Sarofim & Co's holdings in HDFC Bank were worth $5,562,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of HDFC Bank by 12.7% in the fourth quarter. US Bancorp DE now owns 157,665 shares of the bank's stock worth $10,068,000 after buying an additional 17,800 shares during the last quarter. Trinity Street Asset Management LLP increased its stake in HDFC Bank by 7.4% during the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock valued at $234,641,000 after buying an additional 252,600 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in HDFC Bank during the fourth quarter worth approximately $2,907,000. Ovata Capital Management Ltd raised its holdings in HDFC Bank by 89.7% during the fourth quarter. Ovata Capital Management Ltd now owns 690,320 shares of the bank's stock worth $43,863,000 after purchasing an additional 326,400 shares in the last quarter. Finally, Callan Family Office LLC bought a new stake in HDFC Bank during the fourth quarter worth approximately $1,999,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Up 0.2 %

HDB traded up $0.17 during midday trading on Friday, hitting $72.17. 2,922,107 shares of the company's stock traded hands, compared to its average volume of 2,832,745. HDFC Bank Limited has a one year low of $54.99 and a one year high of $75.37. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The stock's fifty day simple moving average is $64.54 and its 200-day simple moving average is $63.48. The company has a market cap of $182.76 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating 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 company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on HDB. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Thursday.

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.