Mariner LLC Grows Position in HDFC Bank Limited (NYSE:HDB)

Mariner LLC lifted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,783 shares of the bank's stock after buying an additional 3,868 shares during the period. Mariner LLC's holdings in HDFC Bank were worth $4,009,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FIL Ltd boosted its position in HDFC Bank by 17.5% in the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after purchasing an additional 2,599,337 shares during the last quarter. GQG Partners LLC boosted its holdings in shares of HDFC Bank by 74.4% in the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock worth $503,431,000 after buying an additional 3,364,114 shares during the last quarter. FMR LLC increased its holdings in HDFC Bank by 13.3% during the fourth quarter. FMR LLC now owns 7,793,113 shares of the bank's stock worth $497,668,000 after buying an additional 914,289 shares during the last quarter. Schroder Investment Management Group increased its holdings in HDFC Bank by 82.1% during the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after buying an additional 3,160,533 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in HDFC Bank by 1.7% in the fourth quarter. Franklin Resources Inc. now owns 6,917,816 shares of the bank's stock worth $441,772,000 after acquiring an additional 113,988 shares during the period. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Performance

Shares of NYSE:HDB traded up $0.28 during midday trading on Friday, reaching $72.28. 1,126,912 shares of the company traded hands, compared to its average volume of 3,112,380. The firm's fifty day moving average price is $64.31 and its two-hundred day moving average price is $63.35. The firm has a market capitalization of $183.02 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $75.37.

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 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 firm had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. On average, equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HDB shares. StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a report on Thursday. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report 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.

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.