HDFC Bank Limited (NYSE:HDB) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 52.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,015,588 shares of the bank's stock after acquiring an additional 347,488 shares during the period. Northern Trust Corp's holdings in HDFC Bank were worth $64,855,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HDB. Whipplewood Advisors LLC purchased a new position in HDFC Bank in the 4th quarter valued at about $29,000. Graney & King LLC acquired a new stake in shares of HDFC Bank in the fourth quarter worth approximately $38,000. Brown Brothers Harriman & Co. increased its position in shares of HDFC Bank by 63.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after purchasing an additional 240 shares in the last quarter. Sierra Ocean LLC acquired a new position in HDFC Bank in the 4th quarter valued at $42,000. Finally, Atlas Capital Advisors Inc. purchased a new position in HDFC Bank in the 4th quarter valued at $56,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. StockNews.com cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Monday. Finally, Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Down 0.7 %

Shares of NYSE:HDB opened at $73.08 on Wednesday. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $75.37. 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 business has a fifty day moving average of $66.34 and a two-hundred day moving average of $64.02. The stock has a market cap of $185.05 billion, a P/E ratio of 22.21, a PEG ratio of 2.12 and a beta of 0.63.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. The firm had revenue of $5.04 billion during 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%. On average, research analysts expect 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.

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