HDFC Bank Limited (NYSE:HDB) Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 278,843 shares of the bank’s stock after acquiring an additional 24,448 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in HDFC Bank were worth $17,807,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC acquired a new position in shares of HDFC Bank during the fourth quarter valued at $29,000. Pin Oak Investment Advisors Inc. grew 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 in the last quarter. Sierra Ocean LLC acquired a new position in HDFC Bank during the 4th quarter valued at about $42,000. Kestra Investment Management LLC bought a new stake in shares of HDFC Bank during the 4th quarter worth about $60,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of HDFC Bank in the 3rd quarter worth approximately $65,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDB opened at $63.85 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $161.67 billion, a P/E ratio of 19.41, a P/E/G ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 12-month low of $54.07 and a 12-month high of $68.50. The firm’s 50 day moving average is $60.14 and its 200-day moving average is $62.45.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.