Eagle Global Advisors LLC Has $5.41 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Eagle Global Advisors LLC boosted its position in HDFC Bank Limited (NYSE:HDB) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 84,660 shares of the bank’s stock after purchasing an additional 305 shares during the period. Eagle Global Advisors LLC’s holdings in HDFC Bank were worth $5,406,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HDB. Waverton Investment Management Ltd boosted its position in shares of HDFC Bank by 1.0% during the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank’s stock worth $1,275,000 after acquiring an additional 203 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in HDFC Bank by 63.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after purchasing an additional 240 shares during the last quarter. Level Four Advisory Services LLC boosted its holdings in shares of HDFC Bank by 3.6% in the 4th quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank’s stock valued at $438,000 after purchasing an additional 241 shares in the last quarter. Baron Wealth Management LLC increased its stake in shares of HDFC Bank by 3.7% in the 4th quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock valued at $470,000 after purchasing an additional 263 shares during the last quarter. Finally, Principal Securities Inc. raised its holdings in shares of HDFC Bank by 13.0% during the 4th quarter. Principal Securities Inc. now owns 2,305 shares of the bank’s stock worth $147,000 after buying an additional 265 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on HDB shares. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Monday. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

NYSE HDB opened at $73.08 on Wednesday. The company has a market capitalization of $185.05 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a twelve month low of $54.99 and a twelve month high of $75.37. The stock has a fifty day simple moving average of $66.34 and a 200 day simple moving average of $64.02. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $434.68 billion. Sell-side analysts expect 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.