Union Bancaire Privee UBP SA Takes Position in HDFC Bank Limited (NYSE:HDB)

Union Bancaire Privee UBP SA bought a new position in shares of HDFC Bank Limited (NYSE:HDB) in the 4th quarter, HoldingsChannel.com reports. The fund bought 16,723 shares of the bank’s stock, valued at approximately $1,077,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Trinity Street Asset Management LLP increased its position 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 purchasing an additional 252,600 shares during the last quarter. Citigroup Inc. boosted its stake in 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 buying an additional 199,582 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in 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 buying an additional 119,050 shares during the period. Zurich Insurance Group Ltd FI increased 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 valued at $8,572,000 after acquiring an additional 35,291 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of HDFC Bank by 13.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock valued at $15,114,000 after acquiring an additional 28,500 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HDB shares. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

HDFC Bank Stock Up 0.5 %

Shares of NYSE:HDB opened at $58.61 on Tuesday. The firm has a market capitalization of $148.43 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The firm’s 50-day moving average is $63.69 and its two-hundred day moving average is $62.39.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 11.78%. Analysts predict that HDFC Bank Limited will post 3.13 EPS for the current year.

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.