HDFC Bank Limited (NYSE:HDB) Shares Acquired by Baron Wealth Management LLC

Baron Wealth Management LLC boosted its position in HDFC Bank Limited (NYSE:HDB) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,360 shares of the bank’s stock after acquiring an additional 263 shares during the quarter. Baron Wealth Management LLC’s holdings in HDFC Bank were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock valued at $213,851,000 after acquiring an additional 3,262,442 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of HDFC Bank by 172.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock worth $215,909,000 after purchasing an additional 2,140,591 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of HDFC Bank by 130.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank’s stock worth $140,593,000 after buying an additional 1,236,100 shares during the period. FMR LLC grew its stake in shares of HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after buying an additional 1,114,210 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in HDFC Bank by 141.2% during the 2nd quarter. Clearbridge Investments LLC now owns 1,457,755 shares of the bank’s stock worth $93,777,000 after acquiring an additional 853,287 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

HDFC Bank stock opened at $59.64 on Thursday. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $68.50. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock has a market cap of $151.02 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. The stock has a 50 day moving average of $63.56 and a 200-day moving average of $62.38.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data 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%. On average, analysts expect that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HDB. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Nomura Securities upgraded shares of 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 research note 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.