O Shaughnessy Asset Management LLC Boosts Holdings in HDFC Bank Limited (NYSE:HDB)

O Shaughnessy Asset Management LLC boosted its stake in HDFC Bank Limited (NYSE:HDB) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,402 shares of the bank’s stock after acquiring an additional 16,300 shares during the period. O Shaughnessy Asset Management LLC’s holdings in HDFC Bank were worth $5,262,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA raised its holdings in shares of HDFC Bank by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after purchasing an additional 167 shares during the period. Waverton Investment Management Ltd raised its stake in shares of HDFC Bank by 1.0% in the fourth quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank’s stock valued at $1,275,000 after buying an additional 203 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock valued at $39,000 after buying an additional 240 shares during the last quarter. Level Four Advisory Services LLC grew its stake in shares of HDFC Bank by 3.6% during the 4th quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank’s stock worth $438,000 after acquiring an additional 241 shares during the period. Finally, Baron Wealth Management LLC increased its holdings in HDFC Bank by 3.7% in the 4th quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock worth $470,000 after acquiring an additional 263 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HDB. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

HDFC Bank Stock Performance

NYSE:HDB opened at $65.24 on Wednesday. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $68.50. The business’s fifty day moving average is $61.30 and its 200 day moving average is $62.72. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $165.19 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Research analysts predict that HDFC Bank Limited will post 3.03 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.