Jones Financial Companies Lllp Grows Stock Position in HDFC Bank Limited (NYSE:HDB)

Jones Financial Companies Lllp boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 88.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,860 shares of the bank’s stock after acquiring an additional 1,341 shares during the quarter. Jones Financial Companies Lllp’s holdings in HDFC Bank were worth $183,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of HDB. Principal Financial Group Inc. raised its position in HDFC Bank by 31.5% in the third quarter. Principal Financial Group Inc. now owns 47,225 shares of the bank’s stock worth $2,954,000 after acquiring an additional 11,319 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in HDFC Bank by 1.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 25,576 shares of the bank’s stock worth $1,600,000 after acquiring an additional 308 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in HDFC Bank by 32.1% in the third quarter. OneDigital Investment Advisors LLC now owns 13,793 shares of the bank’s stock worth $863,000 after acquiring an additional 3,353 shares in the last quarter. CIBC Asset Management Inc raised its position in HDFC Bank by 3.8% in the third quarter. CIBC Asset Management Inc now owns 177,879 shares of the bank’s stock worth $11,128,000 after acquiring an additional 6,473 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in HDFC Bank by 8.0% in the third quarter. Natixis Advisors LLC now owns 2,001,569 shares of the bank’s stock worth $125,218,000 after acquiring an additional 148,441 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.1 %

HDFC Bank stock opened at $60.68 on Friday. 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 firm has a market capitalization 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. HDFC Bank Limited has a fifty-two week low of $54.07 and a fifty-two week high of $68.50. The stock’s fifty day moving average is $60.00 and its two-hundred day moving average is $62.40.

HDFC Bank (NYSE:HDB) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share 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%. Analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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