Schroder Investment Management Group Buys 3,160,533 Shares of HDFC Bank Limited (NYSE:HDB)

Schroder Investment Management Group grew its stake in HDFC Bank Limited (NYSE:HDB) by 82.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,008,828 shares of the bank’s stock after acquiring an additional 3,160,533 shares during the quarter. Schroder Investment Management Group’s holdings in HDFC Bank were worth $447,584,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HDB. Whipplewood Advisors LLC acquired a new position in HDFC Bank during the fourth quarter valued at approximately $29,000. Graney & King LLC bought a new position in shares of HDFC Bank during the fourth quarter worth $38,000. Brown Brothers Harriman & Co. grew its holdings in shares of HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock valued at $39,000 after buying an additional 240 shares during the period. Sierra Ocean LLC bought a new stake in shares of HDFC Bank in the 4th quarter valued at $42,000. Finally, Kestra Investment Management LLC acquired a new stake in HDFC Bank during the 4th quarter worth $60,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Trading Down 1.1 %

Shares of NYSE:HDB opened at $66.15 on Friday. The firm has a market cap of $167.50 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $68.50. The company’s fifty day simple moving average is $61.01 and its 200 day simple moving average is $62.66. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HDB shares. Nomura raised 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 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.