Yousif Capital Management LLC Raises Holdings in HDFC Bank Limited (NYSE:HDB)

Yousif Capital Management LLC boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 18.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,353 shares of the bank’s stock after buying an additional 5,670 shares during the quarter. Yousif Capital Management LLC’s holdings in HDFC Bank were worth $2,440,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HDB. Simplicity Solutions LLC increased its holdings in HDFC Bank by 5.6% during the third quarter. Simplicity Solutions LLC now owns 14,742 shares of the bank’s stock valued at $870,000 after buying an additional 780 shares during the period. Commonwealth Equity Services LLC increased its holdings in HDFC Bank by 3.9% during the third quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the bank’s stock valued at $387,000 after buying an additional 245 shares during the period. Foresight Global Investors Inc. grew its holdings in HDFC Bank by 236.8% in the third quarter. Foresight Global Investors Inc. now owns 159,892 shares of the bank’s stock worth $9,435,000 after purchasing an additional 112,417 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in HDFC Bank by 1,947.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 206,848 shares of the bank’s stock worth $12,206,000 after purchasing an additional 196,744 shares during the last quarter. Finally, Maple Brown Abbott Ltd purchased a new position in HDFC Bank in the third quarter worth $1,482,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

NYSE HDB opened at $58.33 on Tuesday. The firm’s fifty day simple moving average is $56.28 and its two-hundred day simple moving average is $58.56. The company has a current ratio of 0.40, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $71.39. The firm has a market capitalization of $108.49 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.09 and a beta of 0.87.

Analysts Set New Price Targets

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

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.