Amundi Boosts Stock Position in HDFC Bank Limited (NYSE:HDB)

Amundi raised its stake in HDFC Bank Limited (NYSE:HDB) by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 227,961 shares of the bank’s stock after purchasing an additional 22,380 shares during the period. Amundi’s holdings in HDFC Bank were worth $13,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HDB. Whipplewood Advisors LLC purchased a new position in HDFC Bank in the fourth quarter valued at about $29,000. Pin Oak Investment Advisors Inc. grew its stake in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after purchasing an additional 254 shares during the last quarter. Sierra Ocean LLC purchased a new position in HDFC Bank in the fourth quarter valued at about $42,000. Kestra Investment Management LLC purchased a new position in HDFC Bank in the fourth quarter valued at about $60,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in HDFC Bank in the third quarter worth about $65,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 1.1 %

HDFC Bank stock opened at $60.68 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 52 week low of $54.07 and a 52 week high of $68.50. The company has a market capitalization of $153.66 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The stock has a 50-day moving average price of $60.00 and a 200 day moving average price of $62.40.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share 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%. Sell-side analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on HDB. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

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.