Hyperion Capital Advisors LP Acquires 1,600 Shares of HDFC Bank Limited (NYSE:HDB)

Hyperion Capital Advisors LP grew its stake in HDFC Bank Limited (NYSE:HDB) by 27.5% during the fourth quarter, HoldingsChannel reports. The firm owned 7,420 shares of the bank’s stock after buying an additional 1,600 shares during the quarter. Hyperion Capital Advisors LP’s holdings in HDFC Bank were worth $474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HDB. FIL Ltd grew its holdings in HDFC Bank by 17.5% during the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank’s stock worth $1,115,451,000 after acquiring an additional 2,599,337 shares during the last quarter. GQG Partners LLC grew its stake in shares of HDFC Bank by 74.4% in the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock worth $503,431,000 after purchasing an additional 3,364,114 shares during the last quarter. FMR LLC increased its holdings in HDFC Bank by 13.3% in the fourth quarter. FMR LLC now owns 7,793,113 shares of the bank’s stock valued at $497,668,000 after purchasing an additional 914,289 shares during the period. Schroder Investment Management Group raised its position in HDFC Bank by 82.1% during the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock worth $447,584,000 after purchasing an additional 3,160,533 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in HDFC Bank by 1.7% during the 4th quarter. Franklin Resources Inc. now owns 6,917,816 shares of the bank’s stock worth $441,772,000 after buying an additional 113,988 shares during the period. 17.61% of the stock is owned by institutional investors.

HDFC Bank Trading Up 1.5 %

Shares of HDB stock opened at $70.54 on Friday. The company has a market cap of $178.63 billion, a P/E ratio of 21.44, a PEG ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a fifty-two week low of $54.99 and a fifty-two week high of $75.37. The stock has a 50 day simple moving average of $66.95 and a two-hundred day simple moving average of $64.17. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09.

HDFC Bank (NYSE:HDB) last issued its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. Research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HDB. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Nomura Securities upgraded shares of 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 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.