Pzena Investment Management LLC Buys 198,928 Shares of HDFC Bank Limited (NYSE:HDB)

Pzena Investment Management LLC lifted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 64.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 509,664 shares of the bank’s stock after acquiring an additional 198,928 shares during the quarter. Pzena Investment Management LLC’s holdings in HDFC Bank were worth $32,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE raised its position in shares of HDFC Bank by 12.7% during the fourth 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 last quarter. Trinity Street Asset Management LLP raised its position in shares of HDFC Bank by 7.4% during the fourth 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 last quarter. Citigroup Inc. raised its position in shares of HDFC Bank by 21.1% during the third 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 last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of HDFC Bank by 60.1% during the third 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 last quarter. Finally, Zurich Insurance Group Ltd FI raised its position in shares of HDFC Bank by 34.7% during the third quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock worth $8,572,000 after acquiring an additional 35,291 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Trading Down 0.4 %

Shares of HDB stock opened at $58.85 on Tuesday. The company has a market cap of $149.01 billion, a P/E ratio of 17.89, a PEG ratio of 2.12 and a beta of 0.92. The stock has a 50 day simple moving average of $60.26 and a two-hundred day simple moving average of $62.44. 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 Limited has a fifty-two week low of $54.07 and a fifty-two week high of $68.50.

HDFC Bank (NYSE:HDB) last issued its 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 return on equity of 12.19% and a net margin of 14.64%. Research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

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

HDFC Bank Company 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.