HDFC Bank Limited (NYSE:HDB) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in HDFC Bank Limited (NYSE:HDB) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,876 shares of the bank’s stock after acquiring an additional 3,135 shares during the period. PNC Financial Services Group Inc.’s holdings in HDFC Bank were worth $6,186,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in HDFC Bank during the 4th quarter valued at about $2,907,000. Callan Family Office LLC acquired a new position in HDFC Bank during the 4th quarter valued at about $1,999,000. Vestmark Advisory Solutions Inc. increased its stake in HDFC Bank by 16.7% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 27,457 shares of the bank’s stock valued at $1,753,000 after buying an additional 3,925 shares during the period. Lindbrook Capital LLC increased its stake in HDFC Bank by 13.8% during the 4th quarter. Lindbrook Capital LLC now owns 6,620 shares of the bank’s stock valued at $423,000 after buying an additional 803 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in HDFC Bank during the 4th quarter valued at about $39,495,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.0 %

HDB stock opened at $60.44 on Thursday. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50. The company’s 50 day simple moving average is $60.12 and its 200-day simple moving average is $62.42. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $153.05 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last released 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 net margin of 14.64% and a return on equity of 12.19%. As a group, equities research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analyst Weigh In

HDB has been the topic of several recent research 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 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.