International Assets Investment Management LLC Makes New Investment in HDFC Bank Limited (NYSE:HDB)

International Assets Investment Management LLC acquired a new position in shares of HDFC Bank Limited (NYSE:HDB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 47,715 shares of the bank’s stock, valued at approximately $3,202,000.

A number of other institutional investors also recently modified their holdings of HDB. Morgan Stanley increased its holdings in HDFC Bank by 5.1% during the 3rd quarter. Morgan Stanley now owns 14,886,302 shares of the bank’s stock valued at $878,441,000 after purchasing an additional 723,106 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of HDFC Bank by 183.8% in the third quarter. Baillie Gifford & Co. now owns 9,560,478 shares of the bank’s stock valued at $564,164,000 after buying an additional 6,191,548 shares during the last quarter. Ameriprise Financial Inc. lifted its position in HDFC Bank by 4.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,772,331 shares of the bank’s stock worth $516,561,000 after buying an additional 410,884 shares in the last quarter. Sustainable Growth Advisers LP grew its holdings in HDFC Bank by 2.2% during the 3rd quarter. Sustainable Growth Advisers LP now owns 6,933,843 shares of the bank’s stock worth $409,166,000 after acquiring an additional 146,980 shares during the last quarter. Finally, Impax Asset Management Group plc increased its position in HDFC Bank by 0.7% in the 3rd quarter. Impax Asset Management Group plc now owns 5,611,271 shares of the bank’s stock valued at $330,376,000 after acquiring an additional 37,045 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.5 %

Shares of NYSE HDB opened at $56.81 on Thursday. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $71.39. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. The company has a 50-day moving average of $55.50 and a two-hundred day moving average of $58.58. The company has a market cap of $105.66 billion, a PE ratio of 17.53, a P/E/G ratio of 1.40 and a beta of 0.87.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.11. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $5.67 billion. HDFC Bank had a net margin of 17.34% and a return on equity of 15.98%. As a group, equities analysts expect that HDFC Bank Limited will post 2.71 earnings per share for the current fiscal year.

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.