HDFC Bank Limited (NYSE:HDB) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP increased its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 2,739.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 366,796 shares of the bank's stock after purchasing an additional 353,877 shares during the period. Marshall Wace LLP's holdings in HDFC Bank were worth $23,424,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HDB. FIL Ltd raised its position in 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 purchasing an additional 2,599,337 shares during the period. GQG Partners LLC boosted its position in HDFC Bank by 74.4% during the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock valued at $503,431,000 after purchasing an additional 3,364,114 shares in the last quarter. FMR LLC grew its position in shares of HDFC Bank by 13.3% in the 4th 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 lifted its position 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 valued at $447,584,000 after acquiring an additional 3,160,533 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of HDFC Bank by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 6,917,816 shares of the bank's stock worth $441,772,000 after purchasing an additional 113,988 shares in the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 0.3 %

Shares of HDB traded up $0.25 during mid-day trading on Friday, hitting $72.25. 1,375,426 shares of the company's stock were exchanged, compared to its average volume of 3,115,048. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $182.96 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 2.12 and a beta of 0.68. The stock's 50-day moving average is $64.31 and its 200-day moving average is $63.35. HDFC Bank Limited has a fifty-two week low of $54.99 and a fifty-two week high of $75.37.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $434.68 billion. On average, sell-side analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.