GQG Partners LLC grew its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 74.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,883,347 shares of the bank's stock after buying an additional 3,364,114 shares during the period. GQG Partners LLC owned approximately 0.31% of HDFC Bank worth $503,431,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in HDB. Segall Bryant & Hamill LLC bought a new stake in HDFC Bank during the fourth quarter worth approximately $881,000. Prudential Financial Inc. increased its position in shares of HDFC Bank by 33.2% during the 4th quarter. Prudential Financial Inc. now owns 53,658 shares of the bank's stock valued at $3,427,000 after purchasing an additional 13,387 shares during the last quarter. Kontiki Capital Management HK Ltd. raised its holdings in HDFC Bank by 10.9% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 3,611,169 shares of the bank's stock valued at $230,609,000 after buying an additional 354,348 shares during the period. LPL Financial LLC lifted its position in HDFC Bank by 17.4% in the fourth quarter. LPL Financial LLC now owns 115,776 shares of the bank's stock worth $7,393,000 after buying an additional 17,173 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in HDFC Bank in the fourth quarter worth $15,301,000. 17.61% of the stock is currently owned by institutional investors.
HDFC Bank Trading Down 1.1 %
HDFC Bank stock traded down $0.71 during mid-day trading on Friday, hitting $66.15. The company's stock had a trading volume of 2,139,832 shares, compared to its average volume of 2,723,500. 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 company has a 50 day moving average of $61.01 and a 200-day moving average of $62.66. HDFC Bank Limited has a one year low of $54.99 and a one year high of $68.50. The stock has a market cap of $167.50 billion, a PE ratio of 20.10, a P/E/G ratio of 2.12 and a beta of 0.92.
HDFC Bank (NYSE:HDB - Get Free Report) last posted 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 net margin of 14.64% and a return on equity of 12.19%. On average, research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the stock. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd.
Check Out Our Latest Stock Analysis on HDFC Bank
About HDFC Bank
(
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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