CogentBlue Wealth Advisors LLC Takes Position in HDFC Bank Limited (NYSE:HDB)

CogentBlue Wealth Advisors LLC acquired a new position in shares of HDFC Bank Limited (NYSE:HDB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,659 shares of the bank’s stock, valued at approximately $234,000.

Several other large investors have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock worth $213,851,000 after purchasing an additional 3,262,442 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of HDFC Bank by 172.6% during the fourth 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 last quarter. FMR LLC increased its holdings in shares of HDFC Bank by 19.3% during the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after buying an additional 1,114,210 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of HDFC Bank by 177.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,075,131 shares of the bank’s stock valued at $69,719,000 after acquiring an additional 687,811 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of HDFC Bank by 570.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,849 shares of the bank’s stock valued at $42,406,000 after acquiring an additional 576,743 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HDB has been the subject of several research reports. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

HDFC Bank Stock Up 0.4 %

Shares of HDFC Bank stock opened at $60.76 on Thursday. HDFC Bank Limited has a one year low of $53.00 and a one year high of $68.50. 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 stock’s 50-day moving average is $61.65 and its 200 day moving average is $62.41. The firm has a market cap of $153.85 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.66 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities research analysts anticipate that HDFC Bank Limited will post 3.09 EPS 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.