JPMorgan Chase & Co. Has $2.77 Billion Position in HDFC Bank Limited (NYSE:HDB)

JPMorgan Chase & Co. lessened its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,698,837 shares of the bank’s stock after selling 472,565 shares during the quarter. JPMorgan Chase & Co.’s holdings in HDFC Bank were worth $2,773,442,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. bought a new stake in shares of HDFC Bank during the 4th quarter worth about $1,741,404,000. WCM Investment Management LLC boosted its position in HDFC Bank by 38.8% in the fourth quarter. WCM Investment Management LLC now owns 34,742,685 shares of the bank’s stock valued at $2,510,506,000 after buying an additional 9,703,130 shares in the last quarter. WestBridge Capital Management LLC bought a new stake in HDFC Bank during the 4th quarter worth $120,408,000. GSB Wealth Management LLC bought a new position in HDFC Bank in the first quarter valued at about $126,450,000. Finally, CCLA Investment Management Ltd bought a new position in HDFC Bank during the first quarter worth $98,726,000. Institutional investors own 20.67% of the company’s stock.

Separately, Zacks Investment Research lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, April 28th.

Shares of HDB stock traded down $0.17 during trading hours on Friday, reaching $77.07. The company had a trading volume of 2,023 shares, compared to its average volume of 1,490,576. The firm has a fifty day moving average of $72.82. HDFC Bank Limited has a 12 month low of $40.61 and a 12 month high of $84.70. The company has a market capitalization of $140.87 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77. The company has a current ratio of 0.08, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Friday, April 16th. The bank reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $3.68 billion during the quarter. HDFC Bank had a return on equity of 15.73% and a net margin of 20.43%. As a group, equities research analysts predict that HDFC Bank Limited will post 2.8 earnings per share for the current year.

HDFC Bank Company Profile

HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company accepts savings, salary, current, and Demat accounts; fixed and recurring deposits; and safe deposit lockers, and rural and pension accounts, as well as offshore accounts and deposits, overdrafts against fixed deposits and salaries, and sweep-in facilities.

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

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