Bennbridge Ltd Makes New $9.23 Million Investment in HDFC Bank Limited (NYSE:HDB)

Bennbridge Ltd bought a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 144,577 shares of the bank's stock, valued at approximately $9,233,000. HDFC Bank accounts for approximately 9.4% of Bennbridge Ltd's holdings, making the stock its 4th largest position.

A number of other institutional investors have also added to or reduced their stakes in HDB. Principal Financial Group Inc. raised its stake in shares of HDFC Bank by 31.5% in the 3rd quarter. Principal Financial Group Inc. now owns 47,225 shares of the bank's stock valued at $2,954,000 after buying an additional 11,319 shares in the last quarter. Atria Investments Inc raised its position in HDFC Bank by 9.4% in the third quarter. Atria Investments Inc now owns 48,111 shares of the bank's stock worth $3,010,000 after purchasing an additional 4,119 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in HDFC Bank by 1.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 25,576 shares of the bank's stock worth $1,600,000 after purchasing an additional 308 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in HDFC Bank by 28.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 250,248 shares of the bank's stock worth $15,656,000 after purchasing an additional 54,994 shares during the period. Finally, Firetrail Investments PTY Ltd. boosted its holdings in HDFC Bank by 0.7% during the third quarter. Firetrail Investments PTY Ltd. now owns 147,179 shares of the bank's stock valued at $9,198,000 after purchasing an additional 1,003 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

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HDFC Bank Price Performance

HDFC Bank stock traded up $0.98 during trading hours on Monday, hitting $61.66. 2,060,557 shares of the stock were exchanged, compared to its average volume of 2,500,171. HDFC Bank Limited has a 12 month low of $54.07 and a 12 month high of $68.50. The business's 50-day moving average is $60.00 and its two-hundred day moving average is $62.42. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $156.13 billion, a P/E ratio of 18.74, a P/E/G ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Finally, Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

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.