Ninety One SA PTY Ltd Grows Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Ninety One SA PTY Ltd boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 27.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,712 shares of the bank’s stock after purchasing an additional 31,692 shares during the quarter. HDFC Bank comprises about 1.5% of Ninety One SA PTY Ltd’s investment portfolio, making the stock its 24th largest position. Ninety One SA PTY Ltd’s holdings in HDFC Bank were worth $9,980,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HDB. Private Advisor Group LLC increased its position in HDFC Bank by 6.2% during the first quarter. Private Advisor Group LLC now owns 8,761 shares of the bank’s stock valued at $537,000 after acquiring an additional 511 shares during the last quarter. BlackRock Inc. increased its position in HDFC Bank by 57.1% during the first quarter. BlackRock Inc. now owns 4,838,182 shares of the bank’s stock valued at $296,725,000 after acquiring an additional 1,757,638 shares during the last quarter. Raymond James Trust N.A. increased its position in HDFC Bank by 6.1% during the first quarter. Raymond James Trust N.A. now owns 7,350 shares of the bank’s stock valued at $451,000 after acquiring an additional 421 shares during the last quarter. Blair William & Co. IL increased its position in HDFC Bank by 19.5% during the first quarter. Blair William & Co. IL now owns 17,819 shares of the bank’s stock valued at $1,093,000 after acquiring an additional 2,903 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in HDFC Bank by 6.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 38,877 shares of the bank’s stock valued at $2,384,000 after acquiring an additional 2,387 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.9 %

HDB stock traded up $0.52 during mid-day trading on Thursday, reaching $57.34. 1,523,472 shares of the stock traded hands, compared to its average volume of 3,602,574. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.52. HDFC Bank Limited has a one year low of $52.16 and a one year high of $71.39. The stock has a market capitalization of $106.65 billion, a PE ratio of 17.74, a PEG ratio of 1.40 and a beta of 0.87. The business has a 50-day moving average price of $55.50 and a two-hundred day moving average price of $58.58.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Tuesday, January 16th. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The firm had revenue of $8.62 billion for 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%. Equities research analysts expect that HDFC Bank Limited will post 2.71 EPS 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.