Segall Bryant & Hamill LLC Takes $881,000 Position in HDFC Bank Limited (NYSE:HDB)

Segall Bryant & Hamill LLC acquired a new position in HDFC Bank Limited (NYSE:HDB) during the 4th quarter, HoldingsChannel reports. The fund acquired 13,800 shares of the bank’s stock, valued at approximately $881,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Prudential Financial Inc. grew its position in shares of HDFC Bank by 33.2% in the 4th quarter. Prudential Financial Inc. now owns 53,658 shares of the bank’s stock valued at $3,427,000 after buying an additional 13,387 shares during the last quarter. Kontiki Capital Management HK Ltd. boosted its holdings in HDFC Bank by 10.9% in the fourth quarter. Kontiki Capital Management HK Ltd. now owns 3,611,169 shares of the bank’s stock valued at $230,609,000 after acquiring an additional 354,348 shares during the last quarter. LPL Financial LLC increased its position in HDFC Bank by 17.4% during the 4th quarter. LPL Financial LLC now owns 115,776 shares of the bank’s stock valued at $7,393,000 after purchasing an additional 17,173 shares during the period. KLP Kapitalforvaltning AS bought a new position in HDFC Bank during the 4th quarter worth approximately $15,301,000. Finally, Sei Investments Co. lifted its position in shares of HDFC Bank by 17.0% in the 4th quarter. Sei Investments Co. now owns 1,964,790 shares of the bank’s stock worth $125,471,000 after purchasing an additional 286,178 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Trading Down 1.1 %

NYSE HDB opened at $66.15 on Friday. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $68.50. The firm has a market capitalization of $167.50 billion, a P/E ratio of 20.10, a PEG ratio of 2.12 and a beta of 0.92. The business has a fifty day simple moving average of $61.01 and a 200 day simple moving average of $62.65. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HDB shares. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research 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.