LMR Partners LLP Raises Holdings in HDFC Bank Limited (NYSE:HDB)

LMR Partners LLP raised its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,750,000 shares of the bank's stock after buying an additional 34,545 shares during the quarter. HDFC Bank comprises about 1.0% of LMR Partners LLP's investment portfolio, making the stock its 3rd biggest position. LMR Partners LLP owned about 0.07% of HDFC Bank worth $111,755,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of HDB. GQG Partners LLC raised its position 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 period. Schroder Investment Management Group raised its position 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 buying an additional 3,160,533 shares during the period. FIL Ltd raised its position in shares of HDFC Bank by 17.5% in the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after buying an additional 2,599,337 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of HDFC Bank by 172.6% in the 4th 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. Finally, National Bank of Canada FI raised its position in shares of HDFC Bank by 3,535.1% in the 4th quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank's stock worth $122,718,000 after buying an additional 1,868,804 shares during the period. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Stock Down 0.5%

NYSE HDB traded down $0.38 during trading hours on Friday, hitting $72.95. The company had a trading volume of 1,493,446 shares, compared to its average volume of 2,822,195. HDFC Bank Limited has a fifty-two week low of $55.00 and a fifty-two week high of $75.37. The company has a market capitalization of $184.74 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 2.12 and a beta of 0.63. 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 firm's 50 day moving average is $68.26 and its 200 day moving average is $64.46.

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, beating the consensus estimate of $0.74 by $0.11. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Sell-side analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on HDB. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. StockNews.com upgraded HDFC Bank from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

About HDFC Bank

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.