3,741 Shares in HDFC Bank Limited (NYSE:HDB) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC bought a new stake in shares of HDFC Bank Limited (NYSE:HDB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,741 shares of the bank’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HDB. Atomi Financial Group Inc. grew its stake in HDFC Bank by 30.6% in the fourth quarter. Atomi Financial Group Inc. now owns 17,715 shares of the bank’s stock valued at $1,131,000 after purchasing an additional 4,152 shares during the last quarter. Perpetual Ltd lifted its position in HDFC Bank by 4.9% during the fourth quarter. Perpetual Ltd now owns 1,141,929 shares of the bank’s stock valued at $72,924,000 after acquiring an additional 53,258 shares during the last quarter. Ballentine Partners LLC grew its holdings in HDFC Bank by 14.8% in the fourth quarter. Ballentine Partners LLC now owns 26,676 shares of the bank’s stock worth $1,704,000 after purchasing an additional 3,441 shares during the last quarter. Diversify Wealth Management LLC increased its position in shares of HDFC Bank by 7.8% during the fourth quarter. Diversify Wealth Management LLC now owns 4,970 shares of the bank’s stock worth $291,000 after purchasing an additional 358 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its position in shares of HDFC Bank by 7.3% in the 4th quarter. Artemis Investment Management LLP now owns 12,262 shares of the bank’s stock worth $783,000 after purchasing an additional 829 shares in the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Performance

Shares of NYSE HDB opened at $58.47 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50. The company’s fifty day moving average price is $63.76 and its 200 day moving average price is $62.39. The company has a market capitalization of $148.05 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 11.78% and a net margin of 14.64%. On average, research analysts predict that HDFC Bank Limited will post 3.13 earnings per share for the current year.

Analyst Ratings Changes

HDB has been the topic of a number of recent analyst reports. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note 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.