HDFC Bank Limited (NYSE:HDB) Shares Purchased by Capital World Investors

Capital World Investors raised its stake in HDFC Bank Limited (NYSE:HDB) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,771,588 shares of the bank’s stock after buying an additional 7,189 shares during the quarter. Capital World Investors’ holdings in HDFC Bank were worth $368,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its stake in HDFC Bank by 15.8% during the third quarter. State Street Corp now owns 513,684 shares of the bank’s stock worth $32,136,000 after purchasing an additional 70,071 shares during the period. Virtu Financial LLC acquired a new position in HDFC Bank in the third quarter valued at approximately $985,000. Synovus Financial Corp grew its position in HDFC Bank by 0.8% in the third quarter. Synovus Financial Corp now owns 89,591 shares of the bank’s stock worth $5,605,000 after acquiring an additional 711 shares during the period. Peapack Gladstone Financial Corp acquired a new stake in HDFC Bank during the third quarter worth $353,000. Finally, Franklin Resources Inc. lifted its stake in shares of HDFC Bank by 9.0% in the 3rd quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock valued at $420,477,000 after purchasing an additional 560,880 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Price Performance

HDB stock opened at $72.19 on Monday. The business’s fifty day moving average price is $63.27 and its 200 day moving average price is $63.03. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $72.34. The company has a market capitalization of $182.80 billion, a PE ratio of 21.94, a P/E/G ratio of 2.12 and a beta of 0.68. 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 issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, sell-side analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HDB. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

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.