HDFC Bank Limited (NYSE:HDB) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in HDFC Bank Limited (NYSE:HDB) by 77.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 318,837 shares of the bank’s stock after purchasing an additional 139,654 shares during the quarter. Assenagon Asset Management S.A.’s holdings in HDFC Bank were worth $21,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brown Shipley& Co Ltd raised its stake in HDFC Bank by 1,274.4% in the 2nd quarter. Brown Shipley& Co Ltd now owns 4,783 shares of the bank’s stock valued at $26,000 after purchasing an additional 4,435 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of HDFC Bank during the 3rd quarter valued at about $27,000. NBC Securities Inc. acquired a new position in shares of HDFC Bank during the 3rd quarter valued at about $29,000. Resurgent Financial Advisors LLC acquired a new position in shares of HDFC Bank during the 4th quarter valued at about $40,000. Finally, FinTrust Capital Advisors LLC increased its stake in shares of HDFC Bank by 36.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Trading Up 2.0 %

NYSE HDB opened at $55.64 on Thursday. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $71.39. The company has a 50-day moving average of $54.98 and a 200-day moving average of $59.05. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market cap of $103.49 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.41 and a beta of 0.87.

HDFC Bank (NYSE:HDB) last issued its earnings results on Tuesday, January 16th. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $5.67 billion. As a group, equities analysts predict that HDFC Bank Limited will post 2.72 earnings per share for the current year.

HDFC Bank Company 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.