Evoke Wealth LLC Increases Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Evoke Wealth LLC lifted its stake in HDFC Bank Limited (NYSE:HDB) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,272 shares of the bank’s stock after purchasing an additional 434 shares during the quarter. Evoke Wealth LLC’s holdings in HDFC Bank were worth $656,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock valued at $213,851,000 after purchasing an additional 3,262,442 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in HDFC Bank by 172.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock valued at $215,909,000 after purchasing an additional 2,140,591 shares in the last quarter. Egerton Capital UK LLP bought a new stake in HDFC Bank during the 4th quarter valued at $72,833,000. FMR LLC raised its position in shares of 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 in the last quarter. Finally, DJE Kapital AG bought a new position in shares of HDFC Bank in the 4th quarter worth $54,055,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on HDB shares. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Trading Up 1.2 %

Shares of NYSE:HDB opened at $62.36 on Wednesday. The business’s 50-day moving average is $60.01 and its 200 day moving average is $62.44. HDFC Bank Limited has a 1 year low of $54.07 and a 1 year high of $68.50. The firm has a market capitalization of $157.91 billion, a P/E ratio of 18.95, a P/E/G ratio of 2.12 and a beta of 0.92. 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 announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating 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, research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

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.