1,140,511 Shares in HDFC Bank Limited (NYSE:HDB) Bought by Egerton Capital UK LLP

Egerton Capital UK LLP purchased a new position in HDFC Bank Limited (NYSE:HDB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,140,511 shares of the bank's stock, valued at approximately $72,833,000. HDFC Bank comprises 0.8% of Egerton Capital UK LLP's holdings, making the stock its 26th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its position in shares of HDFC Bank by 13.9% during the fourth quarter. Farther Finance Advisors LLC now owns 3,328 shares of the bank's stock valued at $213,000 after buying an additional 407 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in HDFC Bank by 73.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 29,046 shares of the bank's stock valued at $1,855,000 after acquiring an additional 12,271 shares during the period. HighTower Advisors LLC boosted its holdings in shares of HDFC Bank by 4.4% during the 4th quarter. HighTower Advisors LLC now owns 229,855 shares of the bank's stock valued at $14,679,000 after acquiring an additional 9,706 shares during the last quarter. Natural Investments LLC bought a new stake in shares of HDFC Bank in the fourth quarter worth approximately $1,229,000. Finally, Endowment Wealth Management Inc. raised its holdings in shares of HDFC Bank by 4.9% during the fourth quarter. Endowment Wealth Management Inc. now owns 6,202 shares of the bank's stock valued at $396,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

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Wall Street Analysts Forecast Growth

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

HDFC Bank Trading Down 0.6 %

Shares of NYSE HDB traded down $0.38 during mid-day trading on Thursday, reaching $60.10. The company had a trading volume of 1,574,710 shares, compared to its average volume of 2,605,042. The stock has a market cap of $152.19 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 52 week low of $54.07 and a 52 week high of $68.50. The business's 50-day moving average is $60.04 and its 200-day moving average is $62.41.

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