HDFC Bank Limited (NYSE:HDB) Holdings Raised by Mather Group LLC.

Mather Group LLC. raised its stake in shares of HDFC Bank Limited (NYSE:HDB) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,620 shares of the bank’s stock after buying an additional 351 shares during the period. Mather Group LLC.’s holdings in HDFC Bank were worth $231,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Glenmede Trust Co. NA raised its stake in shares of HDFC Bank by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after purchasing an additional 167 shares in the last quarter. Commerce Bank raised its position in HDFC Bank by 7.0% during the third quarter. Commerce Bank now owns 3,427 shares of the bank’s stock valued at $214,000 after acquiring an additional 225 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares during the last quarter. Mount Yale Investment Advisors LLC grew its position in HDFC Bank by 4.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock worth $399,000 after acquiring an additional 257 shares in the last quarter. Finally, Baron Wealth Management LLC increased its stake in shares of 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 purchasing an additional 263 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HDB shares. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Up 0.5 %

HDB stock opened at $61.90 on Friday. The stock has a market capitalization of $156.74 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.67 and a beta of 0.91. The company has a 50-day moving average of $62.98 and a two-hundred day moving average of $62.38. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.50. 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 (NYSE:HDB) last announced its 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 return on equity of 12.19% and a net margin of 14.64%. As a group, equities research analysts anticipate that HDFC Bank Limited will post 3.09 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.