HDFC Bank Limited (NYSE:HDB) Shares Bought by Ninety One North America Inc.

Ninety One North America Inc. boosted its position in shares of HDFC Bank Limited (NYSE:HDB) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,976 shares of the bank’s stock after buying an additional 7,818 shares during the period. Ninety One North America Inc.’s holdings in HDFC Bank were worth $4,086,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of HDFC Bank by 2.4% in the second quarter. Cetera Investment Advisers now owns 14,979 shares of the bank’s stock valued at $964,000 after purchasing an additional 358 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of HDFC Bank in the second quarter valued at approximately $1,803,000. GAMMA Investing LLC increased its holdings in shares of HDFC Bank by 34.6% in the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after purchasing an additional 312 shares during the period. Atomi Financial Group Inc. increased its holdings in shares of HDFC Bank by 76.5% in the third quarter. Atomi Financial Group Inc. now owns 13,563 shares of the bank’s stock valued at $849,000 after purchasing an additional 5,878 shares during the period. Finally, Genesis Investment Management LLP increased its holdings in shares of HDFC Bank by 0.4% in the third quarter. Genesis Investment Management LLP now owns 125,163 shares of the bank’s stock valued at $7,830,000 after purchasing an additional 456 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

HDFC Bank stock opened at $61.15 on Tuesday. The firm has a market capitalization of $154.86 billion, a P/E ratio of 18.57, a PEG ratio of 1.67 and a beta of 0.91. The stock has a fifty day moving average price of $63.35 and a 200 day moving average price of $62.37. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities research analysts anticipate that HDFC Bank Limited will post 3.09 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

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.