HDFC Bank Limited (NYSE:HDB) Shares Acquired by Northcape Capital Pty Ltd

Northcape Capital Pty Ltd boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,700,346 shares of the bank’s stock after buying an additional 403,886 shares during the period. HDFC Bank comprises 27.5% of Northcape Capital Pty Ltd’s portfolio, making the stock its largest holding. Northcape Capital Pty Ltd owned approximately 0.11% of HDFC Bank worth $172,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Temasek Holdings Private Ltd lifted its position in shares of HDFC Bank by 1.6% during the 3rd quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock worth $523,453,000 after buying an additional 132,445 shares during the period. FMR LLC raised its stake in HDFC Bank by 19.3% during the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after acquiring an additional 1,114,210 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of HDFC Bank by 9.0% during the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock valued at $420,477,000 after acquiring an additional 560,880 shares during the period. Wellington Management Group LLP boosted its stake in shares of HDFC Bank by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock valued at $317,141,000 after purchasing an additional 108,312 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of HDFC Bank by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock worth $302,970,000 after purchasing an additional 51,736 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

HDFC Bank Trading Down 0.8 %

Shares of HDB opened at $61.48 on Wednesday. The stock has a fifty day moving average price of $64.76 and a two-hundred day moving average price of $62.85. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of $155.69 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.78 and a beta of 0.92. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Analysts predict that HDFC Bank Limited will post 3.15 EPS for the current fiscal 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.