First Affirmative Financial Network Purchases 469 Shares of HDFC Bank Limited (NYSE:HDB)

First Affirmative Financial Network raised its position in HDFC Bank Limited (NYSE:HDB) by 12.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,097 shares of the bank’s stock after purchasing an additional 469 shares during the period. First Affirmative Financial Network’s holdings in HDFC Bank were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Trinity Street Asset Management LLP increased its stake in shares of HDFC Bank by 7.4% in the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock valued at $234,641,000 after purchasing an additional 252,600 shares during the last quarter. Citigroup Inc. lifted its position in shares of HDFC Bank by 21.1% in the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock worth $71,559,000 after purchasing an additional 199,582 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in HDFC Bank by 60.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock valued at $19,830,000 after acquiring an additional 119,050 shares during the last quarter. Zurich Insurance Group Ltd FI increased its holdings in HDFC Bank by 34.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock worth $8,572,000 after purchasing an additional 35,291 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of HDFC Bank by 13.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock valued at $15,114,000 after acquiring an additional 28,500 shares during the period. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $60.64 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The company’s fifty day moving average price is $63.49 and its 200-day moving average price is $62.36. HDFC Bank Limited has a one year low of $52.16 and a one year high of $68.50. The firm has a market capitalization of $153.55 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.73 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 11.78% and a net margin of 14.64%. On average, equities research analysts anticipate that HDFC Bank Limited will post 3.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HDB shares. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “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.