Sequoia Financial Advisors LLC Has $1.86 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Sequoia Financial Advisors LLC boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 73.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,046 shares of the bank’s stock after buying an additional 12,271 shares during the period. Sequoia Financial Advisors LLC’s holdings in HDFC Bank were worth $1,855,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HDB. Principal Financial Group Inc. raised its holdings in HDFC Bank by 31.5% during the third quarter. Principal Financial Group Inc. now owns 47,225 shares of the bank’s stock worth $2,954,000 after buying an additional 11,319 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of HDFC Bank by 1.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 25,576 shares of the bank’s stock worth $1,600,000 after acquiring an additional 308 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of HDFC Bank by 32.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,793 shares of the bank’s stock worth $863,000 after acquiring an additional 3,353 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of HDFC Bank by 3.8% in the 3rd quarter. CIBC Asset Management Inc now owns 177,879 shares of the bank’s stock worth $11,128,000 after acquiring an additional 6,473 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of HDFC Bank by 8.0% in the 3rd quarter. Natixis Advisors LLC now owns 2,001,569 shares of the bank’s stock worth $125,218,000 after acquiring an additional 148,441 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on HDB. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Price Performance

HDB opened at $60.68 on Friday. The firm has a market cap of $153.66 billion, a P/E ratio of 18.44, a PEG ratio of 2.12 and a beta of 0.92. The firm has a 50-day moving average of $60.00 and a 200 day moving average of $62.40. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. HDFC Bank Limited has a fifty-two week low of $54.07 and a fifty-two week high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly 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%. On average, research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

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.