Bank Pictet & Cie Europe AG Buys 15,955 Shares of HDFC Bank Limited (NYSE:HDB)

Bank Pictet & Cie Europe AG boosted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 451.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,490 shares of the bank’s stock after buying an additional 15,955 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in HDFC Bank were worth $1,245,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Trinity Street Asset Management LLP raised its stake in shares of HDFC Bank by 7.4% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock valued at $234,641,000 after acquiring an additional 252,600 shares in the last quarter. Citigroup Inc. increased its holdings in 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 purchasing an additional 199,582 shares during the period. Nomura Asset Management Co. Ltd. raised its position in HDFC Bank by 60.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock valued at $19,830,000 after purchasing an additional 119,050 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its holdings in shares of HDFC Bank by 34.7% in 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. grew its position 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 in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Trading Up 0.2 %

HDB opened at $60.29 on Friday. 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 firm has a market cap of $152.68 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.70 and a beta of 0.91. HDFC Bank Limited has a 12 month low of $53.00 and a 12 month high of $68.50. The stock has a fifty day moving average price of $62.22 and a 200-day moving average price of $62.38.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on HDB. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

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.