HDFC Bank Limited (NYSE:HDB) Shares Acquired by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd boosted its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,698,012 shares of the bank's stock after acquiring an additional 40,080 shares during the quarter. JARISLOWSKY FRASER Ltd owned about 0.07% of HDFC Bank worth $108,435,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Hyperion Capital Advisors LP increased its stake in HDFC Bank by 27.5% in the 4th quarter. Hyperion Capital Advisors LP now owns 7,420 shares of the bank's stock valued at $474,000 after purchasing an additional 1,600 shares in the last quarter. Graham Capital Management L.P. purchased a new position in HDFC Bank during the fourth quarter worth $591,000. Focus Partners Wealth purchased a new position in HDFC Bank during the fourth quarter worth $221,000. Elliott Investment Management L.P. increased its position in HDFC Bank by 5.8% during the fourth quarter. Elliott Investment Management L.P. now owns 670,215 shares of the bank's stock worth $42,800,000 after buying an additional 36,491 shares in the last quarter. Finally, Ethic Inc. increased its position in HDFC Bank by 29.1% during the fourth quarter. Ethic Inc. now owns 62,770 shares of the bank's stock worth $4,008,000 after buying an additional 14,158 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Trading Down 0.9%

Shares of HDB stock traded down $0.68 during mid-day trading on Wednesday, hitting $71.71. 1,844,407 shares of the company's stock were exchanged, compared to its average volume of 2,816,694. HDFC Bank Limited has a fifty-two week low of $54.99 and a fifty-two week high of $75.37. The stock has a 50-day simple moving average of $67.72 and a two-hundred day simple moving average of $64.34. 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 has a market cap of $181.59 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.12 and a beta of 0.63.

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 (EPS) for the quarter, topping 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 business had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. Equities analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

HDB has been the subject of several recent research reports. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. StockNews.com raised HDFC Bank from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report 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.