600 Shares in HDFC Bank Limited (NYSE:HDB) Purchased by Graney & King LLC

Graney & King LLC bought a new stake in shares of HDFC Bank Limited (NYSE:HDB) in the fourth quarter, Holdings Channel reports. The fund bought 600 shares of the bank’s stock, valued at approximately $38,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HDB. GQG Partners LLC increased its holdings in HDFC Bank by 74.4% during the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock worth $503,431,000 after acquiring an additional 3,364,114 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of HDFC Bank by 2,092.8% in the third 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 buying an additional 3,262,442 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in 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 valued at $215,909,000 after buying an additional 2,140,591 shares during the period. Egerton Capital UK LLP bought a new stake in HDFC Bank during the fourth quarter valued at $72,833,000. Finally, FMR LLC increased its stake in HDFC Bank by 19.3% in the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after acquiring an additional 1,114,210 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

HDB opened at $65.90 on Thursday. The stock has a 50-day moving average price of $60.69 and a 200-day moving average price of $62.59. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $166.89 billion, a P/E ratio of 20.03, a PEG ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last released its 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 analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.