Crestwood Advisors Group LLC Buys Shares of 4,045 HDFC Bank Limited (NYSE:HDB)

by · The Cerbat Gem

Crestwood Advisors Group LLC bought a new stake in HDFC Bank Limited (NYSE:HDB – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,045 shares of the bank’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HDB. Trinity Street Asset Management LLP lifted its holdings in shares of HDFC Bank by 7.4% in the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock worth $234,641,000 after acquiring an additional 252,600 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of HDFC Bank by 21.1% in the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock worth $71,559,000 after acquiring an additional 199,582 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of HDFC Bank by 60.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock worth $19,830,000 after acquiring an additional 119,050 shares during the last quarter. Zurich Insurance Group Ltd FI lifted its holdings in shares of HDFC Bank by 34.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank’s stock worth $8,572,000 after acquiring an additional 35,291 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of HDFC Bank by 13.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock worth $15,114,000 after acquiring an additional 28,500 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of HDB opened at $59.96 on Thursday. HDFC Bank Limited has a fifty-two week low of $53.00 and a fifty-two week high of $68.50. The firm’s 50 day moving average price is $61.02 and its 200 day moving average price is $62.42. The company has a market cap of $151.84 billion, a P/E ratio of 18.22, a PEG ratio of 2.12 and a beta of 0.91. 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 – Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HDB. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

View Our Latest Analysis on HDFC Bank

HDFC Bank Company Profile

(Free Report)

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.

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