Perpetual Ltd Increases Stock Position in HDFC Bank Limited (NYSE:HDB)

Perpetual Ltd increased its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,141,929 shares of the bank's stock after buying an additional 53,258 shares during the quarter. Perpetual Ltd's holdings in HDFC Bank were worth $72,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. grew its holdings in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock worth $31,000 after acquiring an additional 254 shares during the period. Northwest Investment Counselors LLC purchased a new stake in HDFC Bank in the 3rd quarter valued at $38,000. JFS Wealth Advisors LLC raised its position in HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after purchasing an additional 275 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in shares of HDFC Bank during the 3rd quarter worth approximately $65,000. Finally, GAMMA Investing LLC lifted its position in shares of HDFC Bank by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank's stock worth $76,000 after purchasing an additional 312 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Price Performance

NYSE:HDB traded up $0.50 during trading hours on Tuesday, reaching $58.90. 2,644,743 shares of the company traded hands, compared to its average volume of 2,900,301. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The firm's 50-day moving average is $63.90 and its 200-day moving average is $62.45. The stock has a market cap of $149.16 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.66 and a beta of 0.92. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. Equities research analysts expect that HDFC Bank Limited will post 3.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

About HDFC Bank

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.