AQR Capital Management LLC Has $4.82 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

AQR Capital Management LLC lifted its holdings in HDFC Bank Limited (NYSE:HDB) by 6.1% during the 4th quarter, HoldingsChannel reports. The fund owned 75,672 shares of the bank’s stock after acquiring an additional 4,320 shares during the quarter. AQR Capital Management LLC’s holdings in HDFC Bank were worth $4,823,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in HDB. GQG Partners LLC raised its stake in HDFC Bank by 74.4% in the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock valued at $503,431,000 after purchasing an additional 3,364,114 shares in the last quarter. Schroder Investment Management Group grew its position in HDFC Bank by 82.1% during the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock worth $447,584,000 after acquiring an additional 3,160,533 shares during the last quarter. FIL Ltd increased its stake in shares of HDFC Bank by 17.5% in the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank’s stock valued at $1,115,451,000 after buying an additional 2,599,337 shares during the period. Robeco Institutional Asset Management B.V. increased its position in HDFC Bank by 172.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock valued at $215,909,000 after acquiring an additional 2,140,591 shares during the period. Finally, National Bank of Canada FI raised its position in HDFC Bank by 3,535.1% during the 4th quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank’s stock worth $122,718,000 after purchasing an additional 1,868,804 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HDB. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Monday. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Down 4.5 %

HDB opened at $69.56 on Friday. HDFC Bank Limited has a fifty-two week low of $54.99 and a fifty-two week high of $75.37. The company’s 50-day moving average is $66.74 and its 200 day moving average is $64.12. The firm has a market capitalization of $176.13 billion, a P/E ratio of 21.14, a PEG 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 issued its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share 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 company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. Research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

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.