Quantinno Capital Management LP Grows Holdings in HDFC Bank Limited (NYSE:HDB)

Quantinno Capital Management LP raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 71.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,972 shares of the bank’s stock after purchasing an additional 14,982 shares during the quarter. Quantinno Capital Management LP’s holdings in HDFC Bank were worth $2,297,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. grew its position in shares of HDFC Bank by 823.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 59,942 shares of the bank’s stock worth $3,828,000 after purchasing an additional 53,449 shares in the last quarter. HB Wealth Management LLC bought a new stake in shares of HDFC Bank during the fourth quarter valued at approximately $233,000. Diversify Wealth Management LLC boosted 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 acquiring an additional 358 shares during the last quarter. Ballentine Partners LLC grew its stake in HDFC Bank by 14.8% during the fourth quarter. Ballentine Partners LLC now owns 26,676 shares of the bank’s stock valued at $1,704,000 after acquiring an additional 3,441 shares in the last quarter. Finally, Perpetual Ltd grew its stake 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 in the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Performance

HDFC Bank stock opened at $73.03 on Wednesday. HDFC Bank Limited has a 1-year low of $55.00 and a 1-year high of $75.37. The company’s 50-day moving average is $68.79 and its 200 day moving average is $64.60. The firm has a market capitalization of $184.93 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The firm had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $434.68 billion. Research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Ratings Changes

HDB has been the topic of a number of research reports. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com raised HDFC Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th.

About HDFC Bank

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.