Daiwa Securities Group Inc. Purchases New Holdings in HDFC Bank Limited (NYSE:HDB)

Daiwa Securities Group Inc. purchased a new stake in shares of HDFC Bank Limited (NYSE:HDB) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,025 shares of the bank’s stock, valued at approximately $136,000.

Other hedge funds also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ bought a new position in HDFC Bank during the 3rd quarter valued at about $27,000. NBC Securities Inc. purchased a new stake in HDFC Bank in the 3rd quarter valued at about $29,000. FinTrust Capital Advisors LLC boosted its position in HDFC Bank by 36.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after buying an additional 185 shares during the period. Signaturefd LLC boosted its position in HDFC Bank by 44.7% in the 3rd quarter. Signaturefd LLC now owns 848 shares of the bank’s stock valued at $50,000 after buying an additional 262 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its position in HDFC Bank by 33.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,895 shares of the bank’s stock valued at $171,000 after buying an additional 721 shares during the period. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd.

HDFC Bank Price Performance

Shares of HDB opened at $58.34 on Friday. The company has a 50 day moving average price of $56.19 and a 200-day moving average price of $58.56. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $71.39. The stock has a market capitalization of $108.51 billion, a PE ratio of 17.90, a PEG ratio of 1.09 and a beta of 0.87. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.40.

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.