Sei Investments Co. Boosts Stake in HDFC Bank Limited (NYSE:HDB)

Sei Investments Co. grew its position in shares of HDFC Bank Limited (NYSE:HDB) by 17.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,964,790 shares of the bank’s stock after acquiring an additional 286,178 shares during the period. Sei Investments Co. owned about 0.08% of HDFC Bank worth $125,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of HDFC Bank by 12.7% during the 4th quarter. US Bancorp DE now owns 157,665 shares of the bank’s stock worth $10,068,000 after acquiring an additional 17,800 shares during the period. Trinity Street Asset Management LLP grew its holdings in shares of HDFC Bank by 7.4% during the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock worth $234,641,000 after acquiring an additional 252,600 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of HDFC Bank during the 4th quarter worth approximately $2,907,000. Citigroup Inc. grew its holdings in shares of HDFC Bank by 21.1% during the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock worth $71,559,000 after acquiring an additional 199,582 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of HDFC Bank by 60.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock worth $19,830,000 after acquiring an additional 119,050 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HDB. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

HDFC Bank stock opened at $64.54 on Friday. The company has a market capitalization of $163.42 billion, a P/E ratio of 19.62, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a twelve month low of $54.07 and a twelve month high of $68.50. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock’s 50 day moving average is $60.26 and its 200 day moving average is $62.48.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) 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%. On average, equities research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal 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.