HDFC Bank Limited (NYSE:HDB) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC raised its position in HDFC Bank Limited (NYSE:HDB) by 18.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,353 shares of the bank’s stock after acquiring an additional 5,670 shares during the period. Yousif Capital Management LLC’s holdings in HDFC Bank were worth $2,440,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HDB. Simplicity Solutions LLC lifted its stake in shares of HDFC Bank by 5.6% in the 3rd quarter. Simplicity Solutions LLC now owns 14,742 shares of the bank’s stock worth $870,000 after acquiring an additional 780 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of HDFC Bank by 3.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the bank’s stock worth $387,000 after acquiring an additional 245 shares during the period. Foresight Global Investors Inc. lifted its stake in shares of HDFC Bank by 236.8% in the 3rd quarter. Foresight Global Investors Inc. now owns 159,892 shares of the bank’s stock worth $9,435,000 after acquiring an additional 112,417 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of HDFC Bank by 1,947.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 206,848 shares of the bank’s stock worth $12,206,000 after acquiring an additional 196,744 shares during the period. Finally, Maple Brown Abbott Ltd acquired a new stake in shares of HDFC Bank in the 3rd quarter worth $1,482,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Down 0.0 %

Shares of NYSE HDB opened at $58.33 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.40 and a debt-to-equity ratio of 1.78. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $71.39. The firm has a 50-day moving average price of $56.28 and a 200 day moving average price of $58.56. The stock has a market capitalization of $108.49 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.09 and a beta of 0.87.

Wall Street Analysts Forecast Growth

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

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.