HDFC Bank Limited (NYSE:HDB) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its holdings in HDFC Bank Limited (NYSE:HDB) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,876 shares of the bank’s stock after acquiring an additional 3,135 shares during the period. PNC Financial Services Group Inc.’s holdings in HDFC Bank were worth $6,186,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in shares of HDFC Bank in the fourth quarter worth $29,000. Pin Oak Investment Advisors Inc. increased its position in shares of HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after acquiring an additional 254 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank in the fourth quarter worth $42,000. Kestra Investment Management LLC acquired a new stake in HDFC Bank during the 4th quarter valued at $60,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in HDFC Bank during the 3rd quarter valued at $65,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Trading Up 1.0 %

NYSE HDB opened at $60.44 on Thursday. HDFC Bank Limited has a 12 month low of $54.07 and a 12 month high of $68.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $153.05 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company’s fifty day moving average price is $60.12 and its two-hundred day moving average price is $62.42.

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

Analysts Set New Price Targets

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