Silvercrest Asset Management Group LLC Takes $13.32 Million Position in HDFC Bank Limited (NYSE:HDB)

Silvercrest Asset Management Group LLC acquired a new stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 208,520 shares of the bank's stock, valued at approximately $13,316,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GQG Partners LLC boosted its stake in HDFC Bank by 74.4% in the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock valued at $503,431,000 after acquiring an additional 3,364,114 shares during the period. Schroder Investment Management Group lifted its holdings in shares of HDFC Bank by 82.1% in the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after purchasing an additional 3,160,533 shares during the last quarter. FIL Ltd boosted its position in HDFC Bank by 17.5% during the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock valued at $1,115,451,000 after purchasing an additional 2,599,337 shares during the period. Royal Bank of Canada grew its stake in HDFC Bank by 43.0% during the 4th quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock worth $466,629,000 after buying an additional 2,196,315 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in HDFC Bank by 172.6% in 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 buying an additional 2,140,591 shares during the period. Institutional investors and hedge funds own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

HDB has been the subject of several analyst reports. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Wall Street Zen raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.

HDFC Bank Stock Performance

HDB stock traded up $0.67 on Friday, reaching $73.39. The company's stock had a trading volume of 567,504 shares, compared to its average volume of 2,893,933. HDFC Bank Limited has a 52 week low of $55.00 and a 52 week 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 company has a market capitalization of $185.85 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. The firm has a fifty day moving average of $69.25 and a two-hundred day moving average of $64.73.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $434.68 billion. As a group, analysts predict 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.