Causeway Capital Management LLC Purchases 9,526 Shares of HDFC Bank Limited (NYSE:HDB)

Causeway Capital Management LLC lifted its position in shares of HDFC Bank Limited (NYSE:HDB) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,749 shares of the bank’s stock after acquiring an additional 9,526 shares during the period. Causeway Capital Management LLC’s holdings in HDFC Bank were worth $8,158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HDB. Whipplewood Advisors LLC acquired a new position in HDFC Bank during the fourth quarter valued at approximately $29,000. Graney & King LLC acquired a new position in shares of HDFC Bank during the 4th quarter worth $38,000. Brown Brothers Harriman & Co. lifted its position in shares of HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after buying an additional 240 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of HDFC Bank during the 4th quarter worth $42,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in HDFC Bank in the fourth quarter valued at about $56,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 3.5 %

Shares of HDB stock opened at $67.34 on Monday. HDFC Bank Limited has a twelve month low of $54.99 and a twelve month high of $68.50. The stock’s fifty day simple moving average is $62.38 and its 200 day simple moving average is $62.76. 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 firm has a market capitalization of $170.52 billion, a P/E ratio of 20.47, a P/E/G ratio of 2.12 and a beta of 0.68.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, sell-side analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research 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.