Murphy & Mullick Capital Management Corp Acquires New Holdings in HDFC Bank Limited (NYSE:HDB)

Murphy & Mullick Capital Management Corp bought a new position in HDFC Bank Limited (NYSE:HDB) in the fourth quarter, HoldingsChannel.com reports. The fund bought 6,785 shares of the bank’s stock, valued at approximately $433,000.

Other hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of HDFC Bank by 105.1% in the third quarter. Thrivent Financial for Lutherans now owns 6,503 shares of the bank’s stock worth $407,000 after acquiring an additional 3,333 shares during the period. Commerce Bank boosted its position in HDFC Bank by 7.0% in the third quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after purchasing an additional 225 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of HDFC Bank by 6.3% during the 3rd quarter. Raymond James Trust N.A. now owns 7,771 shares of the bank’s stock valued at $486,000 after purchasing an additional 458 shares during the period. Cerity Partners LLC grew its stake in shares of HDFC Bank by 53.4% during the 3rd quarter. Cerity Partners LLC now owns 64,710 shares of the bank’s stock valued at $4,048,000 after purchasing an additional 22,523 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of HDFC Bank by 62.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,846 shares of the bank’s stock valued at $241,000 after purchasing an additional 1,481 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Trading Up 0.2 %

Shares of NYSE:HDB opened at $65.90 on Wednesday. The stock has a 50 day moving average of $60.56 and a 200 day moving average of $62.56. The company has a market cap of $166.88 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 12-month low of $54.07 and a 12-month high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share 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%. As a group, equities research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. StockNews.com cut shares of 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.

About HDFC Bank

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.