Rathbones Group PLC Has $14.25 Million Stake in HDFC Bank Limited (NYSE:HDB)

Rathbones Group PLC lifted its stake in HDFC Bank Limited (NYSE:HDB) by 6.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 223,080 shares of the bank’s stock after acquiring an additional 13,743 shares during the period. Rathbones Group PLC’s holdings in HDFC Bank were worth $14,246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HDB. Waverton Investment Management Ltd raised its position in shares of HDFC Bank by 1.0% in the fourth quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank’s stock valued at $1,275,000 after purchasing an additional 203 shares during the period. Brown Brothers Harriman & Co. grew its stake in HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock valued at $39,000 after buying an additional 240 shares during the last quarter. Level Four Advisory Services LLC raised its holdings in HDFC Bank by 3.6% in the 4th quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank’s stock worth $438,000 after acquiring an additional 241 shares during the period. Baron Wealth Management LLC lifted its position in HDFC Bank by 3.7% during the 4th quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock worth $470,000 after acquiring an additional 263 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in HDFC Bank by 13.0% during the 4th quarter. Principal Securities Inc. now owns 2,305 shares of the bank’s stock worth $147,000 after acquiring an additional 265 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

NYSE:HDB opened at $63.82 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank Limited has a one year low of $54.99 and a one year high of $68.50. The company has a fifty day moving average price of $61.80 and a 200 day moving average price of $62.77. The stock has a market cap of $161.61 billion, a P/E ratio of 19.40, a PEG ratio of 2.12 and a beta of 0.68.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 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%. Analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HDB. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

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.