Capital World Investors Boosts Holdings in HDFC Bank Limited (NYSE:HDB)

Capital World Investors boosted its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,771,588 shares of the bank's stock after buying an additional 7,189 shares during the quarter. Capital World Investors owned approximately 0.23% of HDFC Bank worth $368,600,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new stake in HDFC Bank during the 4th quarter valued at $29,000. Graney & King LLC acquired a new stake in shares of HDFC Bank in the 4th quarter worth about $38,000. Brown Brothers Harriman & Co. lifted its position in HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after acquiring an additional 240 shares in the last quarter. Sierra Ocean LLC acquired a new position in HDFC Bank during the 4th quarter valued at about $42,000. Finally, Atlas Capital Advisors Inc. bought a new stake in HDFC Bank during the 4th quarter worth approximately $56,000. Institutional investors own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com raised HDFC Bank from a "sell" rating to a "hold" rating in a research report on Thursday. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd.

HDFC Bank Price Performance

HDB stock traded up $0.17 during mid-day trading on Friday, reaching $72.17. 2,922,107 shares of the company traded hands, compared to its average volume of 2,827,154. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $75.37. The company has a market capitalization of $182.76 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.12 and a beta of 0.68. 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 fifty day moving average price of $64.54 and a 200-day moving average price of $63.43.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.11. The company had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current 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.