Portfolio Design Labs LLC Makes New Investment in HDFC Bank Limited (NYSE:HDB)

Portfolio Design Labs LLC bought a new position in HDFC Bank Limited (NYSE:HDB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,071 shares of the bank’s stock, valued at approximately $260,000.

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

Analysts Set New Price Targets

HDB has been the subject of several recent analyst reports. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. 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 Price Performance

NYSE:HDB opened at $60.29 on Thursday. The stock has a market cap of $152.67 billion, a P/E ratio of 18.33, a PEG ratio of 1.70 and a beta of 0.91. HDFC Bank Limited has a one year low of $52.16 and a one year high of $68.50. The company has a fifty day moving average price of $62.52 and a 200 day moving average price of $62.41. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

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