HDFC Bank Limited (NYSE:HDB) Shares Acquired by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP increased its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,674,300 shares of the bank's stock after purchasing an additional 252,600 shares during the period. HDFC Bank accounts for 23.0% of Trinity Street Asset Management LLP's portfolio, making the stock its largest position. Trinity Street Asset Management LLP owned approximately 0.15% of HDFC Bank worth $234,641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Citigroup Inc. grew its position in HDFC Bank by 21.1% in the 3rd quarter. Citigroup Inc. now owns 1,143,853 shares of the bank's stock worth $71,559,000 after purchasing an additional 199,582 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of HDFC Bank by 60.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank's stock worth $19,830,000 after buying an additional 119,050 shares during the period. Zurich Insurance Group Ltd FI grew its holdings in HDFC Bank by 34.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank's stock worth $8,572,000 after buying an additional 35,291 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in HDFC Bank by 13.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank's stock valued at $15,114,000 after acquiring an additional 28,500 shares during the period. Finally, Northcape Capital Pty Ltd raised its stake in HDFC Bank by 17.6% during the 4th quarter. Northcape Capital Pty Ltd now owns 2,700,346 shares of the bank's stock valued at $172,444,000 after acquiring an additional 403,886 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Price Performance

Shares of HDB stock traded down $0.25 during midday trading on Friday, reaching $58.39. 1,797,510 shares of the company were exchanged, compared to its average volume of 2,000,910. The company's 50 day moving average price is $64.02 and its two-hundred day moving average price is $62.57. The company has a market cap of $147.87 billion, a P/E ratio of 17.75, a PEG ratio of 1.67 and a beta of 0.92. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50. 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 (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.09. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. On average, sell-side analysts expect that HDFC Bank Limited will post 3.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

HDFC Bank 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.