Perpetual Ltd Has $68.11 Million Position in HDFC Bank Limited (NYSE:HDB)

Perpetual Ltd grew its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,088,671 shares of the bank's stock after acquiring an additional 63,507 shares during the period. Perpetual Ltd owned about 0.06% of HDFC Bank worth $68,107,000 at the end of the most recent quarter.

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Several other hedge funds and other institutional investors also recently modified their holdings of HDB. Ridgewood Investments LLC acquired a new position in HDFC Bank in the second quarter worth $36,000. Northwest Investment Counselors LLC acquired a new stake in HDFC Bank during the first quarter worth about $34,000. Janiczek Wealth Management LLC bought a new position in HDFC Bank in the first quarter worth about $35,000. GAMMA Investing LLC boosted its stake in HDFC Bank by 56.0% in the second quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock valued at $58,000 after acquiring an additional 324 shares during the period. Finally, LRI Investments LLC bought a new position in shares of HDFC Bank during the first quarter valued at approximately $56,000. Institutional investors own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

HDB has been the subject of a number of recent research reports. StockNews.com upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research note on Friday, October 4th. JPMorgan Chase & Co. lowered shares of HDFC Bank from an "overweight" rating to a "neutral" rating in a research report on Monday, July 22nd.

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Check Out Our Latest Stock Analysis on HDB

HDFC Bank Price Performance

Shares of HDB traded up $0.76 during mid-day trading on Thursday, hitting $60.73. The company's stock had a trading volume of 2,068,799 shares, compared to its average volume of 3,112,222. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a 50-day moving average price of $61.46 and a 200 day moving average price of $59.95. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $67.44. The stock has a market capitalization of $112.95 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.76 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.27. The company had revenue of $14.03 billion during the quarter, compared to the consensus estimate of $4.81 billion. HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%. On average, research analysts predict that HDFC Bank Limited will post 2.97 EPS for the current fiscal year.

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.

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

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