Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stake in HDFC Bank Limited (NYSE:HDB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in HDFC Bank Limited (NYSE:HDB) by 9.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 278,843 shares of the bank’s stock after acquiring an additional 24,448 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in HDFC Bank were worth $17,807,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock worth $213,851,000 after acquiring an additional 3,262,442 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of HDFC Bank by 172.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock worth $215,909,000 after acquiring an additional 2,140,591 shares in the last quarter. Egerton Capital UK LLP acquired a new position in shares of HDFC Bank during the 4th quarter valued at $72,833,000. FMR LLC boosted its position in HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after purchasing an additional 1,114,210 shares during the period. Finally, DJE Kapital AG purchased a new stake in shares of HDFC Bank in the fourth quarter worth about $54,055,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

HDB has been the subject of several analyst reports. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Up 1.1 %

Shares of NYSE:HDB opened at $63.85 on Friday. HDFC Bank Limited has a 1-year low of $54.07 and a 1-year high of $68.50. The company’s fifty day moving average is $60.14 and its two-hundred day moving average is $62.45. 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 capitalization of $161.67 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping 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%. Equities analysts anticipate 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.