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CCLA Investment Management Acquires 161,368 Shares of HDFC Bank Limited (NYSE:HDB)

HDFC Bank logo with Finance background

CCLA Investment Management increased its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,929,091 shares of the bank's stock after purchasing an additional 161,368 shares during the quarter. HDFC Bank makes up about 2.0% of CCLA Investment Management's investment portfolio, making the stock its 22nd largest holding. CCLA Investment Management owned about 0.08% of HDFC Bank worth $123,172,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Temasek Holdings Private Ltd raised its stake in HDFC Bank by 1.6% during the third quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank's stock valued at $523,453,000 after buying an additional 132,445 shares during the last quarter. FMR LLC grew its holdings in shares of HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank's stock worth $430,339,000 after acquiring an additional 1,114,210 shares during the period. Franklin Resources Inc. lifted its position in HDFC Bank by 9.0% during the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank's stock valued at $420,477,000 after purchasing an additional 560,880 shares in the last quarter. Wellington Management Group LLP lifted its position in HDFC Bank by 2.2% during the third quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank's stock valued at $317,141,000 after purchasing an additional 108,312 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in HDFC Bank by 1.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank's stock valued at $302,970,000 after purchasing an additional 51,736 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Up 1.2 %

NYSE HDB traded up $0.70 during trading hours on Wednesday, hitting $59.23. 2,903,420 shares of the company were exchanged, compared to its average volume of 3,176,600. The stock has a 50-day moving average price of $64.34 and a 200 day moving average price of $62.66. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $68.50. The stock has a market cap of $149.99 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The company had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $4.84 billion. Analysts forecast that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th.

View Our Latest Analysis on HDFC Bank

HDFC Bank Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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