KBC Group NV Purchases 24,088 Shares of HDFC Bank Limited (NYSE:HDB)

KBC Group NV raised its position in HDFC Bank Limited (NYSE:HDB) by 22.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,247 shares of the bank’s stock after acquiring an additional 24,088 shares during the quarter. KBC Group NV’s holdings in HDFC Bank were worth $8,509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in HDFC Bank by 612.3% during the second quarter. Dimensional Fund Advisors LP now owns 243,980 shares of the bank’s stock worth $15,695,000 after purchasing an additional 209,726 shares during the period. Creative Planning increased its holdings in shares of HDFC Bank by 82.8% during the 2nd quarter. Creative Planning now owns 103,785 shares of the bank’s stock worth $6,676,000 after acquiring an additional 47,005 shares during the last quarter. Cetera Investment Advisers raised its stake in HDFC Bank by 2.4% in the 2nd quarter. Cetera Investment Advisers now owns 14,979 shares of the bank’s stock valued at $964,000 after acquiring an additional 358 shares during the period. Clearbridge Investments LLC lifted its holdings in HDFC Bank by 141.2% during the 2nd quarter. Clearbridge Investments LLC now owns 1,457,755 shares of the bank’s stock valued at $93,777,000 after purchasing an additional 853,287 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of HDFC Bank in the second quarter valued at $1,803,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Down 1.2 %

Shares of HDB opened at $59.64 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50. The firm’s 50 day moving average is $63.56 and its 200-day moving average is $62.38. The stock has a market capitalization of $151.02 billion, a PE ratio of 18.13, a P/E/G ratio of 1.73 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last released its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 11.78% and a net margin of 14.64%. Equities research analysts forecast that HDFC Bank Limited will post 3.13 EPS for the current year.

Analysts Set New Price Targets

HDB has been the subject of a number of research reports. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura upgraded HDFC Bank from a “neutral” rating to a “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.