Northcape Capital Pty Ltd raised its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 17.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,700,346 shares of the bank's stock after acquiring an additional 403,886 shares during the quarter. HDFC Bank comprises approximately 27.5% of Northcape Capital Pty Ltd's investment portfolio, making the stock its biggest holding. Northcape Capital Pty Ltd owned approximately 0.11% of HDFC Bank worth $172,444,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of HDB. Temasek Holdings Private Ltd raised its holdings in HDFC Bank by 1.6% during the 3rd quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank's stock worth $523,453,000 after purchasing an additional 132,445 shares during the last quarter. FMR LLC grew its position in shares of HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank's stock worth $430,339,000 after buying an additional 1,114,210 shares during the period. Franklin Resources Inc. raised its stake in shares of HDFC Bank by 9.0% during the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank's stock worth $420,477,000 after buying an additional 560,880 shares during the last quarter. Wellington Management Group LLP lifted its holdings in HDFC Bank by 2.2% in the third quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank's stock valued at $317,141,000 after buying an additional 108,312 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in HDFC Bank by 1.1% in 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 acquiring an additional 51,736 shares during the last quarter. 17.61% of the stock is owned by institutional investors.
HDFC Bank Trading Down 1.8 %
NYSE:HDB traded down $1.08 during mid-day trading on Wednesday, hitting $60.39. The company had a trading volume of 1,748,693 shares, compared to its average volume of 2,624,076. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $68.50. The firm has a market cap of $152.93 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.78 and a beta of 0.92. The business's fifty day moving average is $64.69 and its two-hundred day moving average is $62.83.
HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.09. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. As a group, research analysts expect that HDFC Bank Limited will post 3.15 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th.
Check Out Our Latest Stock Analysis on HDFC Bank
HDFC Bank Company 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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