Union Bancaire Privee UBP SA Purchases Shares of 16,723 HDFC Bank Limited (NYSE:HDB)

Union Bancaire Privee UBP SA purchased a new stake in HDFC Bank Limited (NYSE:HDB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,723 shares of the bank’s stock, valued at approximately $1,077,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pin Oak Investment Advisors Inc. raised its stake in shares of HDFC Bank by 104.1% in the 3rd 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 period. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank in the 4th quarter valued at about $42,000. JFS Wealth Advisors LLC raised its stake in shares of HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after purchasing an additional 275 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of HDFC Bank in the 4th quarter valued at about $60,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of HDFC Bank in the 3rd quarter valued at about $65,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

HDFC Bank Trading Down 0.2 %

Shares of NYSE:HDB opened at $59.46 on Monday. 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 12-month low of $53.00 and a 12-month high of $68.50. The business has a 50 day moving average of $61.36 and a 200-day moving average of $62.45. The stock has a market cap of $150.56 billion, a PE ratio of 18.07, a P/E/G ratio of 2.12 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating 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 forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

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.