HDFC Bank Limited (NYSE:HDB) Shares Purchased by Caprock Group LLC

Caprock Group LLC raised its stake in HDFC Bank Limited (NYSE:HDB) by 15.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,261 shares of the bank’s stock after buying an additional 3,430 shares during the period. Caprock Group LLC’s holdings in HDFC Bank were worth $1,613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HDB. Trinity Street Asset Management LLP grew its holdings in shares of 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 valued at $234,641,000 after purchasing an additional 252,600 shares during the period. Citigroup Inc. grew its stake in shares of HDFC Bank by 21.1% in the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock valued at $71,559,000 after buying an additional 199,582 shares during the period. Nomura Asset Management Co. Ltd. increased 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 last quarter. Zurich Insurance Group Ltd FI raised its position 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 valued at $8,572,000 after buying an additional 35,291 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in HDFC Bank by 13.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock valued at $15,114,000 after acquiring an additional 28,500 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Price Performance

HDB stock opened at $60.62 on Monday. The business’s fifty day moving average price is $63.35 and its 200 day moving average price is $62.36. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $68.50. The company has a market capitalization of $153.51 billion, a PE ratio of 18.43, a P/E/G ratio of 1.64 and a beta of 0.92. The company has a current ratio of 0.09, a quick ratio of 0.53 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 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%. On average, sell-side analysts anticipate that HDFC Bank Limited will post 3.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

HDFC Bank 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.