HDFC Bank Limited (NYSE:HDB) Shares Bought by Signaturefd LLC

Signaturefd LLC lifted its stake in HDFC Bank Limited (NYSE:HDB) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,362 shares of the bank’s stock after buying an additional 1,283 shares during the period. Signaturefd LLC’s holdings in HDFC Bank were worth $2,003,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Whipplewood Advisors LLC acquired a new position in shares of HDFC Bank during the fourth quarter worth $29,000. Pin Oak Investment Advisors Inc. boosted its position in HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank during the fourth quarter valued at about $42,000. Kestra Investment Management LLC purchased a new stake in shares of HDFC Bank during the fourth quarter worth about $60,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in HDFC Bank in the third quarter valued at about $65,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Trading Up 1.6 %

HDFC Bank stock opened at $61.66 on Tuesday. HDFC Bank Limited has a 1 year low of $54.07 and a 1 year high of $68.50. The firm’s 50-day moving average is $60.00 and its 200-day moving average is $62.43. 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 has a market cap of $156.13 billion, a P/E ratio of 18.74, a PEG ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last posted its 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 return on equity of 12.19% and a net margin of 14.64%. On average, equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.