HDFC Bank Limited (NYSE:HDB) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 88.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,860 shares of the bank’s stock after acquiring an additional 1,341 shares during the period. Jones Financial Companies Lllp’s holdings in HDFC Bank were worth $183,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Glenmede Trust Co. NA boosted its stake in shares of HDFC Bank by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock valued at $301,000 after acquiring an additional 167 shares during the last quarter. Waverton Investment Management Ltd boosted its stake in HDFC Bank by 1.0% in the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank’s stock worth $1,275,000 after buying an additional 203 shares during the last quarter. Commerce Bank boosted its stake in HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after buying an additional 225 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after buying an additional 254 shares during the last quarter. Finally, Baron Wealth Management LLC boosted its stake in HDFC Bank by 3.7% in the 4th quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock worth $470,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

HDFC Bank stock opened at $60.68 on Friday. The stock’s 50-day moving average is $60.00 and its 200-day moving average is $62.40. The company has a market cap of $153.66 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. 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 12 month low of $54.07 and a 12 month high of $68.50.

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

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.