HDFC Bank Limited (NYSE:HDB) Shares Purchased by Banque Pictet & Cie SA

Banque Pictet & Cie SA increased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 144.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,808 shares of the bank’s stock after purchasing an additional 35,304 shares during the period. Banque Pictet & Cie SA’s holdings in HDFC Bank were worth $3,819,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Trinity Street Asset Management LLP boosted its stake in 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 period. Citigroup Inc. lifted its stake in shares of HDFC Bank by 21.1% in the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock worth $71,559,000 after acquiring an additional 199,582 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of HDFC Bank by 60.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock worth $19,830,000 after acquiring an additional 119,050 shares during the period. Zurich Insurance Group Ltd FI lifted its stake in shares of HDFC Bank by 34.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock worth $8,572,000 after acquiring an additional 35,291 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted 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 worth $15,114,000 after acquiring an additional 28,500 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDB opened at $60.29 on Friday. The company has a 50-day simple moving average of $62.22 and a 200-day simple moving average of $62.38. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $152.68 billion, a PE ratio of 18.33, a P/E/G ratio of 1.70 and a beta of 0.91. HDFC Bank Limited has a 52-week low of $53.00 and a 52-week high of $68.50.

HDFC Bank (NYSE:HDB) last posted its 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 net margin of 14.64% and a return on equity of 12.19%. Equities research analysts predict that HDFC Bank Limited will post 3.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

HDB has been the subject of several recent analyst reports. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

HDFC Bank 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.