Nicola Wealth Management LTD. Has $10.41 Million Stake in HDFC Bank Limited (NYSE:HDB)

Nicola Wealth Management LTD. raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 21.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,000 shares of the bank’s stock after acquiring an additional 29,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in HDFC Bank were worth $10,409,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in HDFC Bank by 2,092.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock valued at $213,851,000 after acquiring an additional 3,262,442 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in HDFC Bank by 172.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock valued at $215,909,000 after acquiring an additional 2,140,591 shares during the last quarter. FMR LLC boosted its position in HDFC Bank by 19.3% during the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after acquiring an additional 1,114,210 shares during the last quarter. DJE Kapital AG bought a new stake in HDFC Bank during the fourth quarter valued at $54,055,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in HDFC Bank by 177.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,075,131 shares of the bank’s stock valued at $69,719,000 after acquiring an additional 687,811 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

HDB stock opened at $60.68 on Tuesday. The stock has a market capitalization of $153.66 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.91. The company’s 50-day moving average is $60.80 and its 200-day moving average is $62.47. 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 1 year low of $54.07 and a 1 year high of $68.50.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

HDB has been the topic of a number of research analyst reports. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

HDFC Bank 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.