MGO One Seven LLC Grows Stock Position in HDFC Bank Limited (NYSE:HDB)

MGO One Seven LLC lifted its stake in HDFC Bank Limited (NYSE:HDB) by 29.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,555 shares of the bank’s stock after buying an additional 1,258 shares during the period. MGO One Seven LLC’s holdings in HDFC Bank were worth $355,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Pinebridge Investments L.P. increased its holdings in shares of HDFC Bank by 49.7% in the fourth quarter. Pinebridge Investments L.P. now owns 451,685 shares of the bank’s stock worth $28,845,000 after buying an additional 150,000 shares during the period. Fayez Sarofim & Co increased its holdings in HDFC Bank by 4.3% during the 4th quarter. Fayez Sarofim & Co now owns 87,100 shares of the bank’s stock valued at $5,562,000 after purchasing an additional 3,555 shares during the period. OneDigital Investment Advisors LLC increased its holdings in HDFC Bank by 11.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 15,346 shares of the bank’s stock valued at $980,000 after purchasing an additional 1,553 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in HDFC Bank by 7.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 255,480 shares of the bank’s stock valued at $16,315,000 after purchasing an additional 17,060 shares during the period. Finally, Transce3nd LLC purchased a new position in HDFC Bank during the 4th quarter valued at about $72,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

HDFC Bank stock opened at $71.86 on Tuesday. The stock’s 50 day simple moving average is $64.76 and its two-hundred day simple moving average is $63.55. 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 stock has a market cap of $181.97 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.12 and a beta of 0.68. HDFC Bank Limited has a fifty-two week low of $54.99 and a fifty-two week high of $75.37.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com upgraded HDFC Bank from a “sell” rating to a “hold” rating in a report on Thursday, April 24th.

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.