Nomura Asset Management Co. Ltd. Purchases 119,050 Shares of HDFC Bank Limited (NYSE:HDB)

Nomura Asset Management Co. Ltd. lifted its position in shares of HDFC Bank Limited (NYSE:HDB) by 60.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 316,974 shares of the bank’s stock after purchasing an additional 119,050 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in HDFC Bank were worth $19,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MML Investors Services LLC grew its holdings in HDFC Bank by 37.9% during the 3rd quarter. MML Investors Services LLC now owns 46,266 shares of the bank’s stock worth $2,894,000 after acquiring an additional 12,723 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in HDFC Bank by 17.7% in the third quarter. Orion Portfolio Solutions LLC now owns 120,353 shares of the bank’s stock valued at $7,529,000 after purchasing an additional 18,064 shares during the period. Zurich Insurance Group Ltd FI increased its holdings in HDFC Bank by 34.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock valued at $8,572,000 after purchasing an additional 35,291 shares during the period. Castleark Management LLC raised its position in HDFC Bank by 110.0% during the 3rd quarter. Castleark Management LLC now owns 23,390 shares of the bank’s stock worth $1,463,000 after purchasing an additional 12,250 shares during the last quarter. Finally, Insigneo Advisory Services LLC acquired a new position in HDFC Bank during the 3rd quarter worth about $246,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Trading Down 0.5 %

HDB opened at $67.66 on Wednesday. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $68.50. The company has a fifty day moving average of $63.59 and a 200-day moving average of $62.07. The stock has a market cap of $171.32 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. On average, sell-side analysts predict that HDFC Bank Limited will post 3.15 EPS for the current year.

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.