HDFC Bank Limited (NYSE:HDB) Shares Purchased by Tobam

Tobam grew its position in shares of HDFC Bank Limited (NYSE:HDB) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,411 shares of the bank’s stock after purchasing an additional 729 shares during the period. Tobam’s holdings in HDFC Bank were worth $2,197,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in HDFC Bank by 2.4% during the 2nd quarter. Cetera Investment Advisers now owns 14,979 shares of the bank’s stock worth $964,000 after acquiring an additional 358 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of HDFC Bank by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock worth $76,000 after purchasing an additional 312 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of HDFC Bank by 76.5% in the third quarter. Atomi Financial Group Inc. now owns 13,563 shares of the bank’s stock valued at $849,000 after purchasing an additional 5,878 shares during the period. CWM LLC grew its holdings in shares of HDFC Bank by 2,567.2% in the third quarter. CWM LLC now owns 3,094 shares of the bank’s stock valued at $194,000 after purchasing an additional 2,978 shares in the last quarter. Finally, Perpetual Ltd increased its stake in HDFC Bank by 6.2% during the 3rd quarter. Perpetual Ltd now owns 1,088,671 shares of the bank’s stock worth $68,107,000 after buying an additional 63,507 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Trading Up 0.5 %

Shares of NYSE:HDB opened at $61.90 on Friday. The company has a market cap of $156.74 billion, a PE ratio of 18.81, a P/E/G ratio of 1.67 and a beta of 0.91. The company’s 50 day moving average is $62.98 and its two-hundred day moving average is $62.38. 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 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict that HDFC Bank Limited will post 3.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research 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.