Todd Asset Management LLC Raises Stock Position in HDFC Bank Limited (NYSE:HDB)

Todd Asset Management LLC lifted its stake in HDFC Bank Limited (NYSE:HDB) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 419,173 shares of the bank’s stock after buying an additional 2,305 shares during the quarter. Todd Asset Management LLC’s holdings in HDFC Bank were worth $26,768,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in shares of HDFC Bank by 22.8% in the 3rd quarter. Private Advisor Group LLC now owns 9,550 shares of the bank’s stock worth $597,000 after buying an additional 1,773 shares during the period. International Assets Investment Management LLC bought a new stake in HDFC Bank during the third quarter worth about $27,630,000. Mount Yale Investment Advisors LLC grew its holdings in HDFC Bank by 4.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock worth $399,000 after purchasing an additional 257 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of HDFC Bank by 44.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,514 shares of the bank’s stock valued at $282,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Canoe Financial LP lifted its holdings in shares of HDFC Bank by 3.2% during the third quarter. Canoe Financial LP now owns 288,398 shares of the bank’s stock valued at $18,558,000 after purchasing an additional 9,000 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HDB has been the subject of a number of analyst reports. 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 upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Up 0.4 %

HDFC Bank stock opened at $59.73 on Tuesday. 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 simple moving average of $61.22 and a two-hundred day simple moving average of $62.44. 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 $151.26 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 2.12 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.