HDFC Bank Limited (NYSE:HDB) Shares Purchased by Dodge & Cox

Dodge & Cox lifted its stake in HDFC Bank Limited (NYSE:HDB) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,271,600 shares of the bank’s stock after acquiring an additional 356,300 shares during the period. Dodge & Cox’s holdings in HDFC Bank were worth $208,924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Jump Financial LLC boosted its stake in HDFC Bank by 53.5% during the 4th quarter. Jump Financial LLC now owns 131,700 shares of the bank’s stock valued at $8,410,000 after purchasing an additional 45,900 shares in the last quarter. Guggenheim Capital LLC grew its holdings in HDFC Bank by 8.4% during the fourth quarter. Guggenheim Capital LLC now owns 26,135 shares of the bank’s stock worth $1,669,000 after acquiring an additional 2,019 shares during the period. Causeway Capital Management LLC grew its holdings in HDFC Bank by 8.1% during the fourth quarter. Causeway Capital Management LLC now owns 127,749 shares of the bank’s stock worth $8,158,000 after acquiring an additional 9,526 shares during the period. Mariner LLC raised its position in HDFC Bank by 6.6% in the fourth quarter. Mariner LLC now owns 62,783 shares of the bank’s stock worth $4,009,000 after acquiring an additional 3,868 shares in the last quarter. Finally, Stamos Capital Partners L.P. lifted its holdings in HDFC Bank by 30.7% in the 4th quarter. Stamos Capital Partners L.P. now owns 27,400 shares of the bank’s stock valued at $1,750,000 after acquiring an additional 6,440 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Down 0.1 %

HDB stock opened at $67.42 on Tuesday. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $68.52. 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 firm has a market capitalization of $170.73 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.12 and a beta of 0.68. The company’s 50 day simple moving average is $62.49 and its 200-day simple moving average is $62.78.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS 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%. As a group, equities research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented 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. Nomura upgraded HDFC Bank from a “neutral” rating to a “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.