HDFC Bank Limited (NYSE:HDB) Stake Boosted by Jump Financial LLC

Jump Financial LLC increased its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 53.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,700 shares of the bank's stock after acquiring an additional 45,900 shares during the period. Jump Financial LLC's holdings in HDFC Bank were worth $8,410,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HDB. State Street Corp grew its stake in shares of HDFC Bank by 15.8% in the third quarter. State Street Corp now owns 513,684 shares of the bank's stock worth $32,136,000 after purchasing an additional 70,071 shares in the last quarter. Coldstream Capital Management Inc. acquired a new stake in HDFC Bank in the third quarter worth about $270,000. Virtu Financial LLC bought a new position in HDFC Bank in the 3rd quarter valued at about $985,000. Sanctuary Advisors LLC increased its stake in HDFC Bank by 9.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,557 shares of the bank's stock valued at $1,971,000 after buying an additional 2,536 shares during the period. Finally, Synovus Financial Corp raised its position in shares of HDFC Bank by 0.8% during the 3rd quarter. Synovus Financial Corp now owns 89,591 shares of the bank's stock worth $5,605,000 after buying an additional 711 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

HDFC Bank Price Performance

HDFC Bank stock traded up $1.84 during midday trading on Monday, hitting $73.88. The company's stock had a trading volume of 2,027,533 shares, compared to its average volume of 2,794,453. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $75.28. 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 price is $63.27 and its 200-day moving average price is $63.03. The company has a market capitalization of $187.09 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68.

HDFC Bank (NYSE:HDB - Get Free Report) last released its 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 net margin of 14.64% and a return on equity of 12.19%. Analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

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.