Brown Brothers Harriman & Co. Boosts Stake in HDFC Bank Limited (NYSE:HDB)

Brown Brothers Harriman & Co. grew its holdings in HDFC Bank Limited (NYSE:HDB) by 63.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 617 shares of the bank’s stock after acquiring an additional 240 shares during the period. Brown Brothers Harriman & Co.’s holdings in HDFC Bank were worth $39,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HDB. Whipplewood Advisors LLC acquired a new position in HDFC Bank in the fourth quarter worth about $29,000. Graney & King LLC bought a new stake in shares of HDFC Bank in the 4th quarter worth $38,000. Sierra Ocean LLC bought a new stake in shares of HDFC Bank in the 4th quarter worth approximately $42,000. Kestra Investment Management LLC bought a new position in shares of HDFC Bank in the fourth quarter valued at $60,000. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of HDFC Bank by 52.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock valued at $65,000 after purchasing an additional 351 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.4 %

Shares of NYSE:HDB opened at $66.14 on Thursday. The company has a market capitalization of $167.49 billion, a PE ratio of 20.10, a P/E/G ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $68.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company’s fifty day moving average is $61.41 and its 200-day moving average is $62.74.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS 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 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on HDB shares. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report 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.

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.